First Republic Bank Provides $75M Loan For Commercial Condo At 60 Columbus Circle
FINANCED
$75,000,000
New York
See Similar Deals482,590 SF
Financed 06/25/2020
FINANCED
First Republic Bank Provides $75M Loan For Commercial Condo At 60 Columbus Circle
60 Columbus Circle
See Similar Deals482,590 SF
Financed 06/25/2020
Summary
NEW YORK
Price Per Square Foot:$155
Total Square Footage:482,590 SF
Transaction Type:Loan
The commercial condo located at 60 Columbus Circle in Lincoln Square has recently been involved in a loan transaction. The loan was provided by First Republic Bank, with a loan amount of $75,000,000. The property is owned by @RelatedCos.
Summary of transaction details
- Property Type: Commercial Condo
- Transaction Amount: $75,000,000
- Date: 06/25/2020
- Address: 60 Columbus Circle
- Market: Lincoln Square
Stephen Ross & Jeff Blau, representing @RelatedCos, were involved in securing the loan from First Republic Bank for the commercial condo located at 60 Columbus Circle in Lincoln Square.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$75,000,000.00
Monthly NOI$500,000.00
Monthly Debt Service$474,051.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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