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MSD Partners And JPMorgan Chase Refinance $1.15B Loan For Boston Office Property

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FINANCED
$1,150,000,000

Massachusetts

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Office
Financed 09/15/2022
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FINANCED

MSD Partners And JPMorgan Chase Refinance $1.15B Loan For Boston Office Property

1 Lincoln Street, Boston, Massachusetts 02111, United States

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Office
Financed 09/15/2022
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Summary

MASSACHUSETTS
Asset Type:Office
Transaction Type:Loan

1 Lincoln St, an office property located in Boston, MA, was recently involved in a loan transaction. The loan, amounting to $1,150,000,000, was used to refinance the property. The loan was provided by MSD Partners - Michael Dell, JPMorgan Chase Bank, and DivcoWest. The landlord of the property is Jonathan Landau and Jon Rubin.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,150,000,000
  • Lender: MSD Partners - Michael Dell, JPMorgan Chase Bank, and DivcoWest
  • Landlord: Jonathan Landau and Jon Rubin

This loan transaction involving 1 Lincoln St was made possible through the collaboration of MSD Partners - Michael Dell, JPMorgan Chase Bank, and DivcoWest. The landlords of the property, Jonathan Landau and Jon Rubin, played a crucial role in the deal. The transaction represents a significant milestone for the property and the parties involved.

Players

8 deals$2B volume
BROKER

DivcoWest
LENDER



Jonathan Landau
8 deals$2B volume
LANDLORD

Jonathan Landau
8 deals$2B volume
LANDLORD

Details

FINANCED
IMAGE: Michael Dell DATE: 09/15/2022 ADDRESS: 1 Lincoln St MARKET: Boston, MA ASSET TYPE: Office LENDER: MSD Partners - Michael Dell (@MichaelDell); JPMorgan Chase Bank (@JPMorgan) & DivcoWest LANDLORD: Jonathan Landau & Jon Rubin - (@FortisPropertyGroup) LOAN AMOUNT: $1,150,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,150,000,000.00

Monthly NOI$7,666,666.67
Monthly Debt Service$7,268,782.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00