BridgeInvest Provides $75M Refinance Loan For Mixed-Use Property In Atlanta
222 Mitchell Street Southwest, Atlanta, Georgia 30303, United States
$75,000,000
$227/SF
Building Size
330,000 SF
Asset Type
Mixed-use
Closing
Jan 13, 2022
About this deal
AI
A mixed-use property located at 222 Mitchell St in Atlanta, GA has recently undergone a refinancing deal. The property spans approximately 330,000 square feet and is owned by Newport RE.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $75,000,000
- Lender: BridgeInvest
- Landlord: Newport RE
- Brokers: Brooke Dewey & David Horne - JLL Capital Markets
Brooke Dewey and David Horne of JLL Capital Markets served as brokers for the deal. The loan, provided by BridgeInvest, amounted to $75,000,000 in refinancing for the property located at 222 Mitchell St in Atlanta, GA.
Players
Atlanta Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93