facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Loan

/

2121 North Pearl Street, Da...

JPMorgan Chase Provides $141.4M Loan For 2121 N. Pearl St. Office Building In Dallas
FINANCEDOffice

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

Jim Curtin

JLL

Broker

$2.4B

vol

9 deals

Broker
MetLife
MetLifeLender
MetLife
MetLifeLandlord

Dallas Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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