BayernLB Provides $320M Loan For Office Building At 131 S. Dearborn St., Chicago
131 S Dearborn St, Chicago, IL 60603, USA
$320,000,000
$213/SF
Building Size
1,500,000 SF
Asset Type
Office
Closing
Oct 4, 2020
About this deal
AI
The office property located at 131 S. Dearborn Street in Chicago has been involved in a recent loan transaction. The loan amount for this deal was $320,000,000. The property spans across 1,500,000 square feet. The lender for this transaction was BayernLB, a notable financial institution.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $320,000,000
- Date: 10/05/2020
- Address: 131 S. Dearborn Street
- Market: Chicago
- Landlord: Gordon & Co., Angelo, & Hines Interests
Gordon & Co., Angelo, & Hines Interests served as the landlords in this transaction. We appreciate their role in facilitating this deal.
Players
Chicago 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
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93