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889 Howell Mill Road Northwest

Updated Mar 11, 2025

Morning Calm Office Finance Provides $59M Refinance Loan For 8West Office Project In Atlanta
FINANCEDOffice

Morning Calm Office Finance Provides $59M Refinance Loan For 8West Office Project In Atlanta

889 Howell Mill Road Northwest

$59,000,000

$305/SF

Building Size

193,000 SF

Asset Type

Office

Closing

Sep 5, 2023

About this deal

AI

The Atlantic Companies has secured a $59 million loan from Morning Calm Office Finance to refinance the construction loan for 8West, an office project located at 889 Howell Mill Road in West Midtown Atlanta. The property spans a total of 193,000 square feet and is categorized as an office asset. The loan was provided by Morning Calm Office Finance, a joint venture between Morning Calm Management and a global investment manager.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $59,000,000
  • Address: 889 Howell Mill Road
  • Market: Atlanta, GA

Mukang Cho, representing Morning Calm Office Finance, acted as the lender in this refinancing deal. Meanwhile, Jim Meyer, affiliated with The Atlantic Companies, served as the landlord. The loan provided by Morning Calm Office Finance will enable The Atlantic Companies to transition from the construction phase to the operational phase of 8West. This transaction showcases the collaboration between Morning Calm Management and a global investment manager in supporting The Atlantic Companies' office project in West Midtown Atlanta.

Players

Morning Calm Management
Morning Calm ManagementLender

Atlanta Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $305 per square foot on a published $59M for 193,000 square feet (2023).

Browse Atlanta office loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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