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Deutsche Bank Provides $69M Acquisition Loan For Office Property On 210 North Carpenter Street, Chicago

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FINANCED
$69,000,000

Illinois

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Office206,315 SF
Financed 10/05/2021
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Property Image
FINANCED

Deutsche Bank Provides $69M Acquisition Loan For Office Property On 210 North Carpenter Street, Chicago

210 North Carpenter Street, Chicago, IL 60607

See Similar Deals
Office206,315 SF
Financed 10/05/2021
Contact now

Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$334
Total Square Footage:206,315 SF
Transaction Type:Loan

The recently closed transaction involved an office property located at 210 North Carpenter Street in Chicago. The property was acquired through an acquisition loan from Deutsche Bank for a loan amount of $69,000,000. The loan type for this transaction was an acquisition loan.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $69,000,000
  • Date: 10/05/2021
  • Address: 210 North Carpenter Street
  • Market: Chicago
  • Lender: Deutsche Bank
  • Landlord: Ulrich Bäcker - Deka Immobilien

Ulrich Bäcker, representing Deka Immobilien, acted as the landlord in this transaction. They played a crucial role in facilitating the acquisition of the office property in Chicago. Deutsche Bank, as the lender, provided the significant acquisition loan amount of $69,000,000, allowing for the successful completion of the deal.

Players

LENDER

Details

FINANCED
IMAGE: 10/05/2021 ADDRESS: 210 North Carpenter Street MARKET: Chicago ASSET TYPE: Office LENDER: Deutsche Bank LANDLORD: Ulrich Bäcker -Deka Immobilien LOAN AMOUNT: $69,000,000 LOAN TYPE: Acquisition Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$69,000,000.00

Monthly NOI$460,000.00
Monthly Debt Service$436,126.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00