Circle F Capital Secures $77M Refinance Loan From PCCP For One Park Row Condo In Manhattan
1 Park Row
$77,000,000
Building Size
—
Asset Type
Condo
Closing
Dec 31, 2025
AI
The property asset involved is a 24-story condo located at 1 Park Row in Manhattan, with a total size of 103,000 square feet. The recent financial transaction involved a loan amount of $77,000,000 as part of a refinance process.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $77,000,000
- Lender: PCCP
- Landlord: Circle F Capital
This transaction introduced Grand Rapids investor Eenhoorn as an equity partner to Circle F Capital. The brokers involved in the deal include Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Sean Bastian, and Dustin Stolly representing Walker & Dunlop.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93