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Brandywine Realty Trust Secures $50M Construction Loan For Arkema's North American Corporate Headquarters
FINANCED
$50,000,000
Pennsylvania
See Similar DealsDevelopment Site144,685 SF
Financed 09/24/2023
FINANCED
Brandywine Realty Trust Secures $50M Construction Loan For Arkema's North American Corporate Headquarters
155 King of Prussia Road
See Similar DealsDevelopment Site144,685 SF
Financed 09/24/2023
Summary
PENNSYLVANIA
Asset Type:Development Site
Price Per Square Foot:$345
Total Square Footage:144,685 SF
Transaction Type:Loan
The property involved in this transaction is a development site located at 155 King of Prussia Road in Radnor, PA. The site spans approximately 144,685 square feet.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $50,000,000
- Address: 155 King of Prussia Road
- Market: Radnor, PA
Brandywine Realty Trust, represented by its landlord Jerry Sweeney, secured a $50 million construction loan for the North American corporate headquarters of Arkema. Arkema is a global specialty materials supplier based in France.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$50,000,000.00
Monthly NOI$333,333.33
Monthly Debt Service$316,034.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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