ACORE Capital Provides $75M Refinancing Loan For 455K SF Office Building On Peachtree Street NE In Atlanta
1155 Peachtree Street No
$75,000,000
$164/SF
Building Size
455,000 SF
Asset Type
Office
Closing
Dec 9, 2021
About this deal
AI
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.
On the Map
$75,000,000
$164/SF
Office
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Players
Atlanta Office Market Snapshot
Boundary boundary · Office · 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