Maxim Capital Group Refinances Condos At 721 Fifth Avenue AKA @TrumpTower For $7.5M
FINANCED
$7,500,000
New York
See Similar Deals6,926 SF
Financed 10/26/2021
FINANCED
Maxim Capital Group Refinances Condos At 721 Fifth Avenue AKA @TrumpTower For $7.5M
Trump Tower, 5th Avenue, Manhattan, New York, NY, USA
See Similar Deals6,926 SF
Financed 10/26/2021
Summary
NEW YORK
Price Per Square Foot:$1,082
Total Square Footage:6,926 SF
Transaction Type:Loan
Located at 721 Fifth Avenue, also known as @TrumpTower, this transaction involved the refinancing of three luxurious condos in Midtown Manhattan. The condos have a combined square footage of 6,926 and are part of a prestigious building in a prime location.
Summary of transaction details:
- Property Type: Condos
- Transaction Amount: $7,500,000
- Address: 721 Fifth Avenue, Midtown Manhattan
- Market: Midtown Manhattan
The lender in this refinancing deal was Maxim Capital Group. Representing the borrower were Cary Pollack and Judah Neuman from Meridian Capital Group.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,500,000.00
Monthly NOI$50,000.00
Monthly Debt Service$47,405.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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