Lightstone Capital Provides $27M Refinance Loan For Office Building In Atlanta, GA
2000 Riveredge Parkway, 2000 Riveredge Pkwy, Atlanta, Georgia 30328, United States
$27,000,000
$112/SF
Building Size
240,000 SF
Asset Type
Office
Closing
Sep 14, 2022
AI
Located at 2000 Riveredge Parkway in Atlanta, GA, this office property spans 240,000 square feet. The transaction involved Mainstreet Capital Partners as the landlord and Lightstone Capital as the lender. The loan amount for this refinance deal was $27,000,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $27,000,000
- Address: 2000 Riveredge Parkway, Atlanta, GA
- Market: Atlanta, GA
- Lender: Lightstone Capital
- Landlord: Mainstreet Capital Partners
This transaction allowed the borrower to refinance the property, securing a loan from Lightstone Capital. Mainstreet Capital Partners, as the landlord, facilitated the deal. The office property at 2000 Riveredge Parkway provides a significant investment opportunity in the Atlanta market.
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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93