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2400 Ansys Dr, Canonsburg, ...

Starwood Capital Group Loans $90M For Office At 2400 Ansys Dr, Canonsburg, PA
FINANCEDOffice

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

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:

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.

Players

Mark Popovich

JLL

Broker

$113.4M

vol

2 deals

Broker
Starwood Capital Group
Starwood Capital GroupLender

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