$17,000,000, cash out refi
10 year fixed rate loan
30 year amortization
Non-Recourse Loan
World Headquarters of IMG (sports marketing). Other tenants include: Northcoast Media, MAI Wealth Advisors, Bellweather Real Estate Capital, Friedman & Nemececk, Kadish Hinkel & Weib, Flintkote Trust, and Avalon Document Services. Property had some near term roll as well as tenant expansions to accommodate into the loan.
This is a 16 story, 233,000 SF office building with grade level retail. The building is unique in that it is the first building in the US to be built column free, giving it very efficient possibilities, and a low loss factor. Corner offices are true corners with no obstructions. The building is well managed with high occupancy, and a stable tenant base.
Closed by Ross Nimhauser and Michael Brown
