ACORE Capital Refinances Office Building At 1155 Peachtree St. NE In Atlanta, GA With $75M Loan
FINANCED
$75,000,000
Georgia
See Similar DealsOffice450,000 SF
Financed 12/19/2021
FINANCED
ACORE Capital Refinances Office Building At 1155 Peachtree St. NE In Atlanta, GA With $75M Loan
1155 Peachtree Street Northeast, Atlanta, Georgia 30309, United States
See Similar DealsOffice450,000 SF
Financed 12/19/2021
Summary
GEORGIA
Asset Type:Office
Price Per Square Foot:$166
Total Square Footage:450,000 SF
Transaction Type:Loan
1155 Peachtree St. NE in Atlanta, GA recently underwent a refinancing transaction. The office property spans a size of 450,000 square feet, making it a significant asset in the market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $75,000,000
- Lender: ACORE Capital
- Landlord: Dewberry Group
- Brokers: Morris Betesh, Alex Bailkin & Ed Leinss - Meridian Capital Group
The refinancing deal was facilitated by ACORE Capital, serving as the lender for this transaction. The Dewberry Group, as the landlord, successfully completed this refinancing, which involved a loan amount of $75,000,000. Representing the parties involved in the deal were Morris Betesh, Alex Bailkin, and Ed Leinss from Meridian Capital Group.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$75,000,000.00
Monthly NOI$500,000.00
Monthly Debt Service$474,051.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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