{"id":1004291219,"date":"2019-01-11T08:55:52","date_gmt":"2019-01-11T16:55:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004291219"},"modified":"2022-12-08T08:07:23","modified_gmt":"2022-12-08T16:07:23","slug":"berkadia-finances-cleveland-us-bank-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/berkadia-finances-cleveland-us-bank-center\/","title":{"rendered":"Berkadia Finances Cleveland US Bank Center"},"content":{"rendered":"<div id=\"attachment_1004291222\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/1350-Euclid-Ave..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004291222\" data-attachment-id=\"1004291222\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/berkadia-finances-cleveland-us-bank-center\/1350-euclid-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/1350-Euclid-Ave..jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1350 Euclid Ave.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1350 Euclid Ave.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/1350-Euclid-Ave..jpg?w=640\" class=\"wp-image-1004291222 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/1350-Euclid-Ave..jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/1350-Euclid-Ave..jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/1350-Euclid-Ave..jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004291222\" class=\"wp-caption-text\">1350 Euclid Ave.<\/p><\/div>\n<p>Less than a month after securing a <a href=\"https:\/\/www.commercialsearch.com\/news\/cleveland-office-tower-receives-100m-refi\/\">$100 million refinancing<\/a> for Ernst &amp; Young Office Tower in Cleveland, Berkadia arranged another loan in the city, on behalf of The Wolstein Group, the owner of the U.S. Bank Center on Playhouse Square. The $33.2 million loan features a 10-year term and a 67 percent loan-to-value ratio. Senior Managing Director Mark Vogel and Director Dan Geuther secured the financing through Bank of America Merrill Lynch.<\/p>\n<p>According to Yardi Matrix data, the property is subject to a $22 million loan with Deutsche Bank which matures in 2022. Royal Bank of Scotland originated the financing in 2012.<\/p>\n<p>Located at 1350 Euclid Ave., the US Bank Center was completed in 1989. The 15-story building encompasses 283,000 square feet of which 15,000 are for retail use. It features an on-site conference center and auditorium with 74 seats and a parking lot accommodating 417 vehicles.<\/p>\n<p>The office property can be accessed via Highway 20 and is several blocks from Wolstein Center. There are several bus stops in the area, along Euclid Avenue, as well as a number of restaurants and entertainment venues.<\/p>\n<p><em>Image courtesy of Yardi Matrix <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The $33.2 million loan features a 10-year fixed rate and a 67 percent loan-to-value ratio and was secured on behalf of The Wolstein Group. <\/p>\n","protected":false},"author":242,"featured_media":1004291222,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1584,21825,13,21742,21747],"tags":[32955,32894,32791,43664],"class_list":["post-1004291219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cleveland","category-finance","category-midwest","category-latest","category-office","tag-bank-of-america-merrill-lynch","tag-berkadia","tag-deutsche-bank","tag-the-wolstein-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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