Bank OZK Provides $66M Construction Loan For West Village Residential Condo
FINANCED
$66,000,000
+ 4
New York
See Similar Deals48,535 SF
Financed 01/13/2022
FINANCED
Bank OZK Provides $66M Construction Loan For West Village Residential Condo
540 Hudson Street, New York City, New York 10014, United States
See Similar Deals48,535 SF
Financed 01/13/2022
+ 4
Summary
NEW YORK
Price Per Square Foot:$1,359
Total Square Footage:48,535 SF
Transaction Type:Loan
Located in the West Village, the residential condo at 540 Hudson Street and 144-150 Barrow Street was recently involved in a closed property transaction. Spanning over 48,535 square feet, this property is part of the vibrant West Village market.
Summary of Transation Details:
- Property Type: Residential Condo
- Transaction Amount: $66,000,000
- Loan Type: Construction
- Loan Terms: 4-year, floating-rate
The loan for this transaction was provided by Bank OZK. Serving as the landlord in this deal was William Gottlieb Real Estate. The brokers involved in this transaction were Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Diaz, and Sean Bastian, representing Walker & Dunlop.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$66,000,000.00
Monthly NOI$440,000.00
Monthly Debt Service$417,164.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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