Princeton International Properties Secures $100M Loan For 90 Broad St Property
90 Broad Street, New York, NY, USA
$100,000,000
$242/SF
Building Size
413,000 SF
Asset Type
—
Closing
Mar 28, 2019
AI
The asset involved in this context is a loan for a property located at 90 Broad St. The loan amount is set at $100,000,000, covering a total square footage of 413,000. The owner of the property is Princeton International Properties, and the lender for this transaction is New York Community Bank.
Summary of transaction details:
- Property Type: Loan
- Transaction Amount: $100,000,000
- Address: 90 Broad St
- Owner: Princeton International Properties
- Lender: New York Community Bank
- Mortgage Broker: Jeff Weinberg, Rael Gervis & Richard Sutton @meridian.capital.group
Key individuals involved in this transaction include the mortgage brokers Jeff Weinberg, Rael Gervis, and Richard Sutton, representing Meridian Capital Group. Their involvement plays a crucial role in facilitating this loan transaction for the specified property.
Players
Schuylerville CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93