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Spear Street Capital Secures $72.25 Million Refinance From RBC Capital Markets For Office Tower
FINANCED
$72,250,000
Georgia
See Similar DealsOffice413,020 SF
Financed 06/04/2025
FINANCED
Spear Street Capital Secures $72.25 Million Refinance From RBC Capital Markets For Office Tower
1001 Perimeter Summit Boulevard
See Similar DealsOffice413,020 SF
Financed 06/04/2025
Summary
GEORGIA
Asset Type:Office
Price Per Square Foot:$174
Total Square Footage:413,020 SF
Transaction Type:Loan
The asset involved in this transaction is an office property located at 1001 Perimeter Summit Boulevard in Brookhaven, GA, encompassing a total of 413,020 square feet. The transaction was a refinancing deal with a total amount of $72,250,000, executed as a five-year loan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $72,250,000
- Loan Type: Refinance
- Loan Terms: five-year loan
- Lender: RBC Capital Markets
- Landlord: Spear Street Capital
- Brokerage: C.J. Kelly & Hunter Goldberg - JLL
This transaction highlights the role of Spear Street Capital as the landlord securing refinancing for their office tower, Summit Two. RBC Capital Markets acted as the lender in this significant financial arrangement, with the brokerage services provided by JLL through representatives C.J. Kelly and Hunter Goldberg.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$72,250,000.00
Monthly NOI$481,666.67
Monthly Debt Service$456,669.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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