Franklin BSP Realty Trust Inc. Provides $65M Loan For Wildwood Center In Atlanta
2300 Windy Ridge Parkway Southeast
$65,000,000
$97/SF
Building Size
668,082 SF
Asset Type
Office
Closing
Mar 21, 2024
About this deal
AI
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.
On the Map
$65,000,000
$97/SF
Office
View full map
Players
Atlanta Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Browse Atlanta office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93