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1 Lincoln Street, Boston, M...

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

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

1 Lincoln Street, Boston, Massachusetts 02111, United States

$1,150,000,000

Building Size

Asset Type

Office

Closing

Sep 14, 2022

AI

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

Jonathan Landau

Landau Real Estate

Broker

$2B

vol

8 deals

Broker
DivcoWest
DivcoWestLender
Jonathan Landau

Jonathan Landau

Fortis Property Group

Landlord

$2B

vol

8 deals

Landlord

Boston Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.01%

Cash-on-Cash

-0.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93