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Franklin BSP Realty Trust Inc. Provides $65M Loan For Wildwood Center In Atlanta
FINANCED
$65,000,000
Georgia
See Similar DealsOffice668,082 SF
Financed 03/21/2024
FINANCED
Franklin BSP Realty Trust Inc. Provides $65M Loan For Wildwood Center In Atlanta
2300 Windy Ridge Parkway Southeast
See Similar DealsOffice668,082 SF
Financed 03/21/2024
Summary
GEORGIA
Asset Type:Office
Price Per Square Foot:$97
Total Square Footage:668,082 SF
Transaction Type:Loan
The Wildwood Center, a 668,082-square-foot office property located at 2300 Windy Ridge Parkway Southeast in Atlanta, was the subject of a recent financial transaction. Franklin BSP Realty Trust Inc. provided a loan of $65 million against this office asset, aimed at replacing a previous loan held by KeyBank.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $65,000,000
- Market: Atlanta, GA
- Lender: Franklin BSP Realty Trust Inc
The financing deal involved Franklin BSP Realty Trust Inc. providing $65 million against the Wildwood Center in Atlanta. The loan aimed to retire the previous financing held by special servicer KeyBank, showcasing a strategic financial maneuver concerning this sizable office property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$65,000,000.00
Monthly NOI$433,333.33
Monthly Debt Service$410,844.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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