Fortress Investment Group Secures $350 Million Loan From Starwood Property Trust For 125 Greenwich Avenue
125 Greenwich Avenue
$350,000,000
Building Size
—
Asset Type
Condo
Closing
Apr 11, 2025
About this deal
AI
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.
On the Map
$350,000,000
Condo
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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
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93