Rubenstein Mortgage Capital Provides $37.8M Loan For Office Property In Charlotte
2101 Rexford Road, Charlotte, NC, USA
$37,800,000
$489/SF
Building Size
77,214 SF
Asset Type
Office
Closing
Nov 8, 2021
AI
The property involved in this closed transaction is an office space located at 2101 Rexford Road in Charlotte, North Carolina. The property spans a total square footage of 213,324. The loan for this transaction was provided by Rubenstein Mortgage Capital, with Andrew Murray representing the lender. The loan amount for this transaction is $37,800,000. The landlord for this property is LRC Properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $37,800,000
Andrew Murray from Rubenstein Mortgage Capital represented the lender in this transaction, while LRC Properties served as the landlord.
Players
Charlotte 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93