Updated Oct 29, 2024
Starwood Capital Group Loans $90M For Office At 2400 Ansys Dr, Canonsburg, PA
2400 Ansys Dr, Canonsburg, PA, 15317
$90,000,000
Building Size
—
Asset Type
Office
Closing
Jul 26, 2018
About this deal
AI
The property involved in the transaction is an office located at 2400 Ansys Dr, Canonsburg, PA, 15317. The loan amount for this asset was $90,000,000.00 in a deal that took place in Canonsburg. The borrower's representative for this transaction was Mark Popovich from JLL, and the lender was Starwood Capital Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $90,000,000.00
- Address: 2400 Ansys Dr, Canonsburg, PA, 15317
- Market: Canonsburg
- Borrower's Rep: Mark Popovich (JLL)
- Lender: Starwood Capital Group
The key individuals involved in this deal were Mark Popovich from JLL who represented the borrower in the transaction and the lender, Starwood Capital Group. These individuals played crucial roles in facilitating this significant loan agreement.
On the Map
$90,000,000
Office
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Players
Canonsburg 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93