facebook

traded

+ Submit
Home

/

Deals

/

New York

/

All

/

Loan

/

90 Broad Street, New York, ...

Princeton International Properties Secures $100M Loan For 90 Broad St Property
FINANCED

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:

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

Jeff Weinberg

Meridian Capital Group

Broker

$299.7M

vol

8 deals

Broker
New York Community Bank
New York Community BankLender

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