William Macklowe Secures $124M Loan From M&T Bank For 114 University Pl Condo
FINANCED
$124,000,000
New York
See Similar DealsCondo
Financed 11/05/2015
FINANCED
William Macklowe Secures $124M Loan From M&T Bank For 114 University Pl Condo
114 University Pl, New York, NY, 10003
See Similar DealsCondo
Financed 11/05/2015
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Loan
The property involved in the transaction is a condo located at 114 University Pl, New York, NY, 10003. The loan amount for this transaction is $124,000,000.00, and it is situated within the New York market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $124,000,000.00
- Lender: M&T Bank
- Lender's Representative: Senior Group Manager, M&T Bank-M&T Bank
- Borrower's Representative: William Macklowe-William Macklowe Company
This deal features key representatives in the transaction. The lender, M&T Bank, is represented by a Senior Group Manager, while the borrower is represented by William Macklowe from William Macklowe Company.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$124,000,000.00
Monthly NOI$826,666.67
Monthly Debt Service$783,764.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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