Goldman Sachs Refinances Special Purpose Property In Carrollton, TX For $360M
2515 E Rosemeade Pkwy, Carrollton, Texas 75007, United States
$360,000,000
$92/SF
Building Size
3,900,000 SF
Asset Type
—
Closing
Oct 31, 2022
AI
The property involved in this transaction is a special purpose asset located at 2515 E Rosemeade Pkwy in Carrollton, TX. It has a square footage of 3,900,000. The loan amount for this transaction is $360,000,000, and it is a refinance loan. The lender for this transaction is Goldman Sachs, represented by David Solomon. The landlords involved in this deal are Angelo Gordon, represented by Adam Schwartz, and Andover Properties, represented by Brian Cohen.
Summary of transaction details
- Property Type: Special Purpose
- Transaction Amount: $360,000,000
- Address: 2515 E Rosemeade Pkwy, Carrollton, TX
- Market: Carrollton, TX
- Loan Type: Refinance
The key individuals and companies involved in this deal include brokers Jordan Roeschlaub, Dustin Stolly, Nick Scribani, and Aaron Swerdlin from Newmark. They facilitated the transaction between the lender, Goldman Sachs, and the landlords, Angelo Gordon and Andover Properties. Additionally, the brokers noted that this transaction is part of a 50-asset national self-storage portfolio.
Players
Carrollton CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93