J.P. Morgan Asset Management And Sterling Bay Secure $213 Million Refinance Loan From Barings In Chicago
360 North Green Street
$213,000,000
Building Size
—
Asset Type
Office
Closing
Jul 17, 2026
About this deal
AI
The asset involved in this transaction is an office property located at 360 North Green Street in Chicago. The loan amount for this refinancing transaction totals $213,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $213,000,000
- Lender: Barings
- Borrower: J.P. Morgan Asset Management & Sterling Bay
- Brokers: Lucas Borges, Danny Kaufman, Geoff Goldstein, Kellogg Gaines, Emma Berner & Ryan Planek - JLL
- Loan Type: Refinance
- Date of Transaction: 07/21/2026
This transaction features a team of brokers from JLL, consisting of Lucas Borges, Danny Kaufman, Geoff Goldstein, Kellogg Gaines, Emma Berner, and Ryan Planek, who played a crucial role in facilitating the loan agreement between the involved parties.
On the Map
$213,000,000
Office
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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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93