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
$75,000,000
$166/SF
Building Size
450,000 SF
Asset Type
Office
Closing
Dec 19, 2021
About this deal
AI
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
Atlanta Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Ed Leinss to view all their deals.
Browse Georgia office loans on Traded.
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