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Wilshire Quinn Capital Provides $10.125 Million Bridge Loan For Oglethorpe Office Park In Savannah
FINANCED
$10,125,000
Georgia
See Similar DealsOffice119,978 SF
Financed
FINANCED
Wilshire Quinn Capital Provides $10.125 Million Bridge Loan For Oglethorpe Office Park In Savannah
400 Mall Boulevard
See Similar DealsOffice119,978 SF
Financed
Summary
GEORGIA
Asset Type:Office
Price Per Square Foot:$84
Total Square Footage:119978 SF
Transaction Type:Loan
The asset involved in this transaction is the Oglethorpe Office Park, an office complex consisting of seven buildings with a total area of 119,978 square feet. It is located at 400-450 Mall Boulevard in Savannah, Georgia. The property is subject to a refinancing loan amounting to $10,125,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,125,000
- Loan Type: Refinance
- Lender: Wilshire Quinn Capital
- Market: Savannah, GA
- Asset Size: 119,978 SF
Wilshire Quinn Capital’s private lending arm, the Wilshire Quinn Income Fund, facilitated the refinancing of the Oglethorpe Office Park, indicating their role as the lender in this transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,125,000.00
Monthly NOI$67,500.00
Monthly Debt Service$63,996.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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