JPMorgan Chase Provides $141.4M Loan For 2121 N. Pearl St. Office Building In Dallas
FINANCED
$141,400,000
Texas
See Similar DealsOffice504,750 SF
Financed 06/21/2020
FINANCED
JPMorgan Chase Provides $141.4M Loan For 2121 N. Pearl St. Office Building In Dallas
2121 North Pearl Street, Dallas, TX 75201, USA
See Similar DealsOffice504,750 SF
Financed 06/21/2020
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$280
Total Square Footage:504,750 SF
Transaction Type:Loan
Located at 2121 N. Pearl St. in Dallas, this office property was recently involved in a closed transaction. The property, with a total area of 504,750 square feet, is owned by metlife-investment-management'>MetLife Investment Management and Trammell Crow Co. The lender in this deal was JPMorgan Chase, providing a loan amount of $141,400,000 with a 10-year financing term. The transaction took place on 06/21/2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $141,400,000
- Loan Term: 10-year financing
JLL's Jim Curtin represented the buyer in this deal.
Players
LENDER
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$141,400,000.00
Monthly NOI$942,666.67
Monthly Debt Service$893,744.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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