8000 Wisconsin Avenue, Bethesda, MD

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Northwestern Mutual Real Estate Investments, LLC

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Date07/29/2021
Greenwich Coverage
E-teaser Status
CA Status
IOM Status
Term Sheet Status
Categories
  • Term Sheets Received
  • Executed Confidentiality Agreement Received
  • Detailed Discussions
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DEAL TRACKING COMMENTS
DateComment
08/04/2021Larry and I spoke with Eric Ekeroth 8/2; they are busy and looking through the deal but don't give it a high probability of happening with them -- don.atchison
08/25/2021as a response to a call that Larry and I had with Eric Ekeroth on Friday Aug 20th, we got most all the additional info that he requested to him. Eric will not consider the deal if there is construction mezz, but will look favorably on pref equity, although his pricing will go up. He is interested as a first trust and gave the following potential terms (if there is no pref equity needed): loan amount $130MM. rate of T+250 bps (3.7% today), 1/2 point fee, 10 year total term (construction to perm), 3 years I/O -- don.atchison