North Run Business Park

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Date06/14/2022
Greenwich Coverage
E-teaser Status
CA Status
IOM Status
Term Sheet Status
Categories
  • Term Sheets Received
  • Executed Confidentiality Agreement Received
  • Detailed Discussions
  • Initial Discussions
  • Groups that have Passed
  • Uncategorized
Investment Criteria
Status for Deal Tracking Report (Most Recent Comment - Custom Comment )
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DEAL TRACKING COMMENTS
DateComment
08/11/2022• $43.75 million loan amount • 10 year term • 30 year amortization • Rate = 10 year SOFR swap rate + 2.85% (5.40% rate today) • 65% Max LTV • 9.0% Min DY • $750k held back for TI/LC • TI/LC reserve replenished at $1.00 psf per annum once the reserve drops below $250k • 1.20x ongoing DSCR trigger -- pwitham