JLL Refinances Office Building In Columbia, MD For $117M
FINANCED
$117,000,000
Maryland
See Similar DealsOffice317 SF
Financed 01/13/2023
FINANCED
JLL Refinances Office Building In Columbia, MD For $117M
6100 Merriweather Drive, Columbia, Maryland 21044, United States
See Similar DealsOffice317 SF
Financed 01/13/2023
Summary
MARYLAND
Asset Type:Office
Price Per Square Foot:$369,085
Total Square Footage:317 SF
Transaction Type:Loan
The office building located at 6100 Merriweather Dr in Columbia, MD has recently undergone a refinancing loan transaction. The property, owned by the Howard Hughes Corporation, encompasses a total area of 317,189 square feet. The loan amount for this transaction is $117,000,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $117,000,000
- Market: Columbia, MD
- Landlord: Howard Hughes Corporation
- Brokers: Jamie Leachman & Drake Greer - JLL
Jamie Leachman and Drake Greer from JLL were the brokers involved in this refinancing deal. They represented the parties in this transaction, facilitating the loan refinancing process for the office property located at 6100 Merriweather Dr.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$117,000,000.00
Monthly NOI$780,000.00
Monthly Debt Service$739,519.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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