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Premier Realty Secures $29.9M Safra National Bank Loan For Office Property On West 47th Street In Plaza District

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FINANCED
$29,925,000

Missouri

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Office97,785 SF
Financed 07/29/2021
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Property Image
FINANCED

Premier Realty Secures $29.9M Safra National Bank Loan For Office Property On West 47th Street In Plaza District

36 West 47th Street, Plaza Area, Kansas City, MO, USA

See Similar Deals
Office97,785 SF
Financed 07/29/2021
the dealplayerscompscontact
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Summary

MISSOURI
Asset Type:Office
Price Per Square Foot:$306
Total Square Footage:97,785 SF
Transaction Type:Loan

Located in the Plaza District, the office property at 36 West 47th Street recently underwent a closed transaction. The deal involved a loan provided by Safra National Bank to Premier Realty, the landlord of the property. The loan amount for this transaction was $29,925,000. The property spans a total area of 97,785 square feet.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $29,925,000
  • Address: 36 West 47th Street
  • Market: Plaza District
  • Lender: Safra National Bank
  • Landlord: Premier Realty
  • Square Footage: 97,785

The deal's key individuals and companies include Safra National Bank as the lender and Premier Realty as the landlord. These parties played integral roles in the successful completion of the transaction.

Players

Safra National Bank
Safra National Bank
LENDER

Details

FINANCED
IMAGE: 07/29/2021 ADDRESS: 36 West 47th Street MARKET: Plaza District ASSET TYPE: Office LENDER: Safra National Bank LANDLORD: Premier Realty LOAN AMOUNT: $29,925,000 SF: 97,785

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$29,925,000.00

Monthly NOI$199,500.00
Monthly Debt Service$189,146.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00