Newmark Brokers Secure $514M Loan For BioMed Realty's Assembly Square Life Science Property
FINANCED
$514,000,000
+ 2
Massachusetts
See Similar DealsOther485,000 SF
Financed 08/01/2022
FINANCED
Newmark Brokers Secure $514M Loan For BioMed Realty's Assembly Square Life Science Property
Assembly Square, Somerville, Massachusetts, United States
See Similar DealsOther485,000 SF
Financed 08/01/2022
+ 2
Summary
MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$1,059
Total Square Footage:485,000 SF
Transaction Type:Loan
The life science property located in Somerville, MA at Assembly Square has been involved in a closed transaction. The property spans a total area of 485,000 square feet, making it a significant asset in the market.
Summary of transation details
- Property Type: Life Science
- Transaction Amount: $514,000,000
- Address: Assembly Square, Somerville, MA
- Market: Somerville, MA
Leading the transaction as the landlord is BioMed Realty. On the other hand, representing the deal are David Douvadjian Sr, Timothy O'Donnell, Brian Butler, David Douvadjian Jr, and Conor Reenstierna, all from Newmark.
This transaction involves a loan amount of $514,000,000.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$514,000,000.00
Monthly NOI$3,426,666.67
Monthly Debt Service$3,248,829.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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