JLL Capital Markets Arranges $39.7M Refinancing Loan For Office Property In Austin
FINANCED
$39,700,000
Texas
See Similar DealsOffice178 SF
Financed 11/18/2022
FINANCED
JLL Capital Markets Arranges $39.7M Refinancing Loan For Office Property In Austin
5918 Courtyard Drive, Austin, Texas 78730, United States
See Similar DealsOffice178 SF
Financed 11/18/2022
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$223,033
Total Square Footage:178 SF
Transaction Type:Loan
The recent closed property transaction in Austin involved an office asset located at 5918 Courtyard Drive. The property spans 178,061 square feet and sits on 8.78 acres. The transaction took place on 11/18/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Market: Austin
- Address: 5918 Courtyard Drive
- Square Footage: 178,061
- Acres: 8.78
The loan for this transaction was provided by Argentic. The two-year refinancing loan amount totaled $39,700,000. Spire Real Estate Partners served as the landlord. The brokers involved in the deal were Wally Reid and Jayme Nelson from JLL Capital Markets.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$39,700,000.00
Monthly NOI$264,666.67
Monthly Debt Service$250,931.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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