Rubenstein Mortgage Capital Provides $62M Acquisition Loan For Office Building In Richardson
3400 N US 75-Central Expy 1000, McKinney, TX 75071, USA
$62,000,000
$198/SF
Building Size
312,345 SF
Asset Type
Office
Closing
Sep 26, 2022
AI
The office property located at 3400 N. US 75-Central Expy 1000 in Richardson has recently undergone a loan transaction. The property spans a total of 312,345 square feet and is categorized as an office space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $62,000,000
- Date: 09/27/2022
- Market: Richardson
- Lender: Rubenstein Mortgage Capital (RMC) - Andrew Murray
- Landlord: Zeller Realty Group
The loan amount involved in this transaction is $62,000,000, and it falls under the category of acquisition loans. The lender for this deal was Rubenstein Mortgage Capital (RMC), represented by Andrew Murray. The landlord of the property is Zeller Realty Group.
Players
Lometa 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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93