Fortress Investment Group Secures $350 Million Loan From Starwood Property Trust For 125 Greenwich Avenue
FINANCED
New York
See Similar DealsCondo
Financed 04/11/2025
FINANCED
Fortress Investment Group Secures $350 Million Loan From Starwood Property Trust For 125 Greenwich Avenue
125 Greenwich Avenue
See Similar DealsCondo
Financed 04/11/2025
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Loan
The property involved in this transaction is a condo located at 125 Greenwich Avenue in the Financial District. The loan amount associated with this property is $350,000,000, designated as condo inventory.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $350,000,000
- Lender: Starwood Property Trust
- Landlord: Fortress Investment Group
- Landlord's Representatives: Morris Betesh & Alex Bailkin - Arrow Real Estate Advisors; Jordan Roeschlaub & Nick Scribani - Newmark
The key individuals involved in this deal include Timothy Sloan, Barry Sternlicht, Morris Betesh, Alex Bailkin, Jordan Roeschlaub, and Nick Scribani, representing various roles in the transaction.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$350,000,000.00
Monthly NOI$2,333,333.33
Monthly Debt Service$2,212,238.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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