Metropolitan Life Insurance Co Provides $45.6M Acquisition Loan For Office Property At 5465 Legacy Dr In Plano
FINANCED
$45,600,000
Texas
See Similar DealsOffice215 SF
FINANCED
Metropolitan Life Insurance Co Provides $45.6M Acquisition Loan For Office Property At 5465 Legacy Dr In Plano
5465 Legacy Drive, Plano, Texas 75024, United States
See Similar DealsOffice215 SF
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$212,093
Total Square Footage:215 SF
Transaction Type:Loan
Larson Capital Management, led by Paul Larson, has acquired an office property located at 5465 Legacy Drive in Plano. The property spans a total of 215,499 square feet and was purchased from MetLife. The transaction, which took place on December 13, 2022, involved a loan provided by Metropolitan Life Insurance Co amounting to $45,600,000. This loan was classified as an Acquisition Loan.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $45,600,000
- Address: 5465 Legacy Drive
- Market: Plano
- Square Footage: 215,499
Metropolitan Life Insurance Co served as the lender for this transaction, providing the acquisition loan to Larson Capital Management. On the other hand, Larson Capital Management, represented by Paul Larson, acted as the landlord in the deal. The seller of the property was MetLife.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,600,000.00
Monthly NOI$304,000.00
Monthly Debt Service$288,223.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions