Mesa West Capital Provides $225M Loan For Residential Property On West 47th Street
FINANCED
$225,000,000
New York
See Similar DealsCo-Op3,108 SF
Financed 12/17/2018
FINANCED
Mesa West Capital Provides $225M Loan For Residential Property On West 47th Street
71 West 47th Street, Manhattan, New York, NY, USA
See Similar DealsCo-Op3,108 SF
Financed 12/17/2018
Summary
NEW YORK
Asset Type:Co-Op
Price Per Square Foot:$72,393
Total Square Footage:3,108 SF
Transaction Type:Loan
The residential property located at 71 West 47th Street in Midtown has recently been involved in a loan transaction. The loan amount for this transaction was $225 million. The lender in this deal was Mesa West Capital, while the landlord was GreenOak Real Estate Advisors. The transaction was facilitated by brokers Dustin Stolly and Jordan Roeschlaub from NewmarkKF.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $225M
- Address: 71 West 47th Street
- Market: Midtown
- Lender: Mesa West Capital
- Landlord: GreenOak Real Estate Advisors
- Brokers: Dustin Stolly and Jordan Roeschlaub from NewmarkKF
The loan transaction involving the residential property at 71 West 47th Street was successfully facilitated by the assistance of brokers Dustin Stolly and Jordan Roeschlaub from NewmarkKF. Mesa West Capital provided the loan of $225 million for this transaction, ensuring the smooth completion of the deal.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$225,000,000.00
Monthly NOI$1,500,000.00
Monthly Debt Service$1,422,153.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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