ACORE Capital Provides $75M Refinancing Loan For 455K SF Office Building On Peachtree Street NE In Atlanta
FINANCED
$75,000,000
Georgia
See Similar DealsOffice455,000 SF
Financed 12/09/2021
FINANCED
ACORE Capital Provides $75M Refinancing Loan For 455K SF Office Building On Peachtree Street NE In Atlanta
1155 Peachtree Street No
See Similar DealsOffice455,000 SF
Financed 12/09/2021
Summary
GEORGIA
Asset Type:Office
Price Per Square Foot:$164
Total Square Footage:455,000 SF
Transaction Type:Loan
1155 Peachtree Street NE, an office property located in Atlanta, was involved in a recent loan transaction. The property spans approximately 455,000 square feet and is owned by the Dewberry Group.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $75,000,000
- Lender: ACORE Capital - Eric Ramirez
- Brokers: Morris Betesh, Alex Bailkin & Ed Leinss - Meridian Capital Group
The loan, provided by ACORE Capital and led by Eric Ramirez, amounted to $75,000,000. This refinancing loan transaction facilitated the financial needs of the property. The brokers involved in the deal were Morris Betesh, Alex Bailkin, and Ed Leinss from the Meridian Capital Group.
Players
LENDER
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
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
Is there something missing? Send suggestions