Taconic Capital Advisors & Champion Partners Secure $73M Loan On Plano Office Building
FINANCED
$73,000,000
Texas
See Similar DealsOffice287,044 SF
Financed 03/16/2022
FINANCED
Taconic Capital Advisors & Champion Partners Secure $73M Loan On Plano Office Building
5301 Legacy Drive, Plano, Texas 75024, United States
See Similar DealsOffice287,044 SF
Financed 03/16/2022
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$254
Total Square Footage:287,044 SF
Transaction Type:Loan
Shaul Kuba, Frank Brosens, and Jeffrey L. Swope have secured a loan for an office property located at 5301 Legacy Dr. in Plano. The property spans an impressive 287,044 square feet and sits on 19.7 acres. The loan amount for this transaction is $73,000,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $73,000,000
- Address: 5301 Legacy Dr.
- Market: Plano
- Square Footage: 287,044
- Acres: 19.7
CIM Group has provided the loan for this real estate transaction. The property is owned by Taconic Capital Advisors and Champion Partners.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$73,000,000.00
Monthly NOI$486,666.67
Monthly Debt Service$461,409.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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