Todd L. Boehly And Daniel Weisen Provide $278 Million Refinance Loan For Ten Twenty Spring Office In Atlanta
1020 Spring Street Northwest
$278,000,000
Building Size
—
Asset Type
Office
Closing
Aug 6, 2026
About this deal
AI
The loan involved is for Ten Twenty Spring, a 540,000-square-foot Class-A office tower located at 1020 Spring Street Northwest in Atlanta, GA. The refinancing loan amount is $278,000,000, which has been arranged for this 25-story property, recognized for its position in the market as a mixed-use office asset.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $278,000,000
- Lender: Todd L. Boehly & Daniel Weisen - Eldridge Industries
- Landlord: Ambrish Baisiwala & John C. Portman IV - Portman
- Tenants: Ernst & Young, Reed Smith, Pinnacle Financial Partners
This refinancing deal indicates the involvement of key players in the real estate sector, with Todd L. Boehly and Daniel Weisen representing Eldridge Industries as lenders, while Ambrish Baisiwala and John C. Portman IV act as the landlords through Portman. The continuing demand for the property showcases its significance within the Atlanta office market.
On the Map
$278,000,000
Office
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Players
Spring 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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93