FINANCEDOffice
Everest Equity Funds $49M Office Refinance Loan In USA
$49,000,000
$326/SF
Building Size
150,000 SF
Asset Type
Office
Closing
Mar 30, 2023
About this deal
AI
An office property with a size of 150,000 square feet in the USA has recently been involved in a loan transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $49,000,000
- Lender: Brooke Jacob & Baila Schwartz - Everest Equity
- Loan Type: Refinance
- Loan Terms: 65% cashout, 7% rate, 5-yr fixed
The loan was provided by Brooke Jacob and Baila Schwartz from Everest Equity. The loan amount for this refinance transaction is $49,000,000. The loan terms include a cashout of 65%, an interest rate of 7%, and a fixed term of 5 years.
Players
Everest EquityLender
Market 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93