Monday, December 27, 2010

Equinix Prepays $100M Mortgage on Beaumeade Business Park in Ashburn

from dcrealestate.citybizlist.com:

>>Equinix has prepaid a mortgage of approximately $100 million secured by the 32-acre Beaumeade Business Park in Ashburn, VA.

...

The Mortgage was prepaid to the Lender and its assignees for an amount equal to 105% of the then outstanding principal balance of the Loan, plus interest and other charges, totaling approximately $93,813,270.

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from the analyst day:

DEBT RESTRUCTURING TO BE CONSIDERED:
Ashburn mortgage repayment (LTV 12% and inflexible debt structure)

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