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Credit Suisse Provides $350 Million Floating-Rate Loan For Office Portfolio In Oak Brook, Rosemont, Warrenville, Kennesaw, Alpharetta & Atlanta

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FINANCED
$350,000,000

Illinois

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Office
Financed 07/07/2021
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FINANCED

Credit Suisse Provides $350 Million Floating-Rate Loan For Office Portfolio In Oak Brook, Rosemont, Warrenville, Kennesaw, Alpharetta & Atlanta

1420 Kensington Road, Oak Brook, Illinois 60523, United States

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Office
Financed 07/07/2021
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Summary

ILLINOIS
Asset Type:Office
Transaction Type:Loan

The office properties located at 1420-1520 Kensington Road, 5600 North River Road, 9450 West Bryn Mawr Avenue, 28100 Torch Parkway, 1701 Barrett Lakes Boulevard, 30000 Mill Creek Avenue, 125-500 TownPark Drive, 1000 Parkwood Circle, and 1600 Parkwood Circle have recently been involved in a loan transaction. The properties are situated in Oak Brook, Rosemont, Warrenville, Kennesaw, Alpharetta, and Atlanta.

Summary of transaction details

The loan transaction involved a loan amount of $350,000,000 provided by Credit Suisse. The landlord for the properties is Adventus Realty Trust. The deal was facilitated by brokers Jay Miller, Spencer Miller, and AJ Felberbaum from BayBridge Real Estate Capital.

Players

Aj Felberbaum
31 deals$2.4B volume(646) 213-7600
BROKER

Jay Miller
BayBridge Real Estate Capital
34 deals$2.6B volume(646) 213-7561
BROKER

Spencer Miller
BayBridge Real Estate Capital
30 deals$2.4B volume
BROKER

Credit Suisse
LENDER

Details

FINANCED
IMAGE: Spencer Miller, Jay Miller & AJ Felberbaum DATE: 07/07/2021 ADDRESS: 1420-1520 Kensington Road, 5600 North River Road, 9450 West Bryn Mawr Avenue, 28100 Torch Parkway, 1701 Barrett Lakes Boulevard, 30000 Mill Creek Avenue, 125-500 TownPark Drive, 1000 Parkwood Circle & 1600 Parkwood Circle MARKET: Oak Brook, Rosemont, Warrenville, Kennesaw, Alpharetta & Atlanta ASSET TYPE: Office LENDER: Credit Suisse LANDLORD: Adventus Realty Trust BROKERS: Jay Miller, Spencer Miller & AJ Felberbaum - BayBridge Real Estate Capital LOAN AMOUNT: $350,000,000 LOAN TERMS: floating-rate

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$350,000,000.00

Monthly NOI$2,333,333.33
Monthly Debt Service$2,212,238.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00