JPMorgan Chase Provides $141.4M Loan For 2121 N. Pearl St. Office Building In Dallas
2121 North Pearl Street, Dallas, TX 75201, USA
$141,400,000
$280/SF
Building Size
504,750 SF
Asset Type
Office
Closing
Jun 21, 2020
AI
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
Dallas 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93