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
Boston 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
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93