Rubenstein Mortgage Capital Provides $62M Acquisition Loan For Office Building In Richardson
FINANCED
$62,000,000
Texas
See Similar DealsOffice312,345 SF
Financed 09/27/2022
FINANCED
Rubenstein Mortgage Capital Provides $62M Acquisition Loan For Office Building In Richardson
3400 N US 75-Central Expy 1000, McKinney, TX 75071, USA
See Similar DealsOffice312,345 SF
Financed 09/27/2022
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$198
Total Square Footage:312,345 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$62,000,000.00
Monthly NOI$413,333.33
Monthly Debt Service$391,882.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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