Westwood II & III

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Scott Pottebaumdelete
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Date03/25/2020
Greenwich Coverage
E-teaser Status
CA Status
IOM Status
Term Sheet Status
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  • Term Sheets Received
  • Executed Confidentiality Agreement Received
  • Detailed Discussions
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Investment Criteria
Status for Deal Tracking Report (Most Recent Comment - Custom Comment )
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DEAL TRACKING COMMENTS
DateComment
03/27/2020Memo sent -- pwitham
04/03/2020My best guess is we would be in the $16M-$18M loan range with a 25-year amortization (no i/o). Pricing is still foggy, probably 4.50%-5% all-in rate for this profile. -- pwitham
08/04/2020Focus is on higher quality buildings with LEED certification and modern ventilation systems. I think the market is still trying to figure out the future of office as it relates to space usage and ventilation requirements. To get any traction on ‘B’ assets we’ll need to be no greater than 55% LTV on our valuation and have a 25-year maximum amortization. Very focused on rapid amortization. -- pwitham