BayernLB Provides $320M Loan For Office Building At 131 S. Dearborn St., Chicago
FINANCED
$320,000,000
Illinois
See Similar DealsOffice1,500,000 SF
Financed 10/05/2020
FINANCED
BayernLB Provides $320M Loan For Office Building At 131 S. Dearborn St., Chicago
131 S Dearborn St, Chicago, IL 60603, USA
See Similar DealsOffice1,500,000 SF
Financed 10/05/2020
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$213
Total Square Footage:1,500,000 SF
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$320,000,000.00
Monthly NOI$2,133,333.33
Monthly Debt Service$2,022,617.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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