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2000 Riveredge Parkway, 200...

Lightstone Capital Provides $27M Refinance Loan For Office Building In Atlanta, GA
FINANCEDOffice

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

Lightstone Group
Lightstone GroupLender

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