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Bank Of America Provides $550M Loan For Office Building At 250 Howard Street

250 East Howard Street
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This Office property located in CA received a loan of $550,000,000 over 4 years ago.

Located at 250 Howard Street, the property involved in this closed transaction is an office asset. The deal took place on 08/09/2019. The property spans across 756,000 square feet.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $550,000,000
  • Loan Terms: 10-year full-term interest-only, 3.45%
  • Lender: Bank of America
  • Landlord: MetLife Investment Management
  • Brokers: Kroll Bond Rating Agency

Bank of America provided a loan of $550,000,000 for this closed transaction. The loan terms include a 10-year full-term interest-only period with an interest rate of 3.45%. MetLife Investment Management acts as the landlord for this property. Kroll Bond Rating Agency served as the broker for this deal.

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Deals
  • Location
    250 East Howard Street250 East Howard Street
  • Loan Value
    $550,000,000$550,000,000
  • Asset Type
    OfficeOffice
  • Parties
    1 Lender1 Lender

Bank of America

Bank of America

Lender
Deals85
Volume$ 1.4T

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Deal Summary

LOAN IMAGE: Steven J. Goulart & Jude Driscoll DATE: 08/09/2019 ADDRESS: 250 Howard Street ASSET TYPE: Office LENDER: Bank of America LANDLORD: MetLife Investment Management BROKERS: Kroll Bond Rating Agency LOAN AMOUNT: $550,000,000 LOAN TERMS: 10-year full-term interest-only, 3.45% SF: 756,000

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