Clarendon Properties & BlackRock Secure $150M Loan For 265 Franklin Street Office In Boston, MA
FINANCED
$150,000,000
Massachusetts
See Similar DealsOffice350,569 SF
Financed 10/26/2020
FINANCED
Clarendon Properties & BlackRock Secure $150M Loan For 265 Franklin Street Office In Boston, MA
265 Franklin St, Boston, MA 02110, USA
See Similar DealsOffice350,569 SF
Financed 10/26/2020
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$427
Total Square Footage:350,569 SF
Transaction Type:Loan
Clarendon Properties and BlackRock have secured a $150,000,000 loan for the office property located at 265 Franklin Street in Boston, MA. The asset has a total area of 350,534 square feet and is part of the Boston real estate market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $150,000,000
- Address: 265 Franklin Street, Boston, MA
- Market: Boston, MA
- Borrower: Clarendon Properties & BlackRock
- Lender: Allianz Real Estate - Christoph Donner
Allianz Real Estate, represented by Christoph Donner, acted as the lender for this loan. The loan amount of $150,000,000 will support the acquisition or refinancing of the office property at 265 Franklin Street.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$150,000,000.00
Monthly NOI$1,000,000.00
Monthly Debt Service$948,102.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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