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200 Exchange Street, Malden...

Acore Capital Refinances Mixed-use Property At 200 Exchange St In Malden, MA For $135.1M
FINANCEDMixed-use

Acore Capital Refinances Mixed-use Property At 200 Exchange St In Malden, MA For $135.1M

200 Exchange Street, Malden, Massachusetts 02148, United States

$135,100,000

$383/SF

Building Size

352,000 SF

Asset Type

Mixed-use

Closing

Dec 15, 2021

AI

A mixed-use property located at 200 Exchange St in Malden, MA has recently undergone a refinancing transaction. The property spans an impressive 352,000 square feet, making it a significant asset in the market. The transaction took place on December 16, 2021.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $135,100,000
  • Address: 200 Exchange St
  • Market: Malden, MA

The landlord of the property is Berkeley Investments and Singerman Real Estate, while the lender for the refinancing deal is Acore Capital. The transaction was facilitated by Lauren O’Neil and Coleman Benedict of JLL Capital Markets.

Players

Coleman Benedict

JLL

Broker

$585.1M

vol

8 deals

Broker
Acore Capital
Acore CapitalLender

Malden Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93