Bridge Loan Secured For Plano Office Buildings At 1201, 1255, And 1309 W. 15th Street
FINANCED
$30,000,000
Texas
See Similar DealsOffice293,821 SF
Financed 02/08/2022
FINANCED
Bridge Loan Secured For Plano Office Buildings At 1201, 1255, And 1309 W. 15th Street
1201 West 15th Street, Plano, Texas 75075, United States
See Similar DealsOffice293,821 SF
Financed 02/08/2022
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$102
Total Square Footage:293,821 SF
Transaction Type:Loan
The property involved in this transaction is an office building located at 1201, 1255, and 1309 W. 15th Street in Plano. The building has a total size of 293,821 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $30,000,000
- Lender: Avatar Financial Group - Jerry Zevenbergen
- Loan Type: Bridge Loan
- Date: 02/08/2022
The lender for this transaction is Avatar Financial Group, with Jerry Zevenbergen representing them. The loan amount for this bridge loan is $30,000,000.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,000,000.00
Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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