Kriss Capital Provides $185M Loan For 135 East 47th Street Condo Inventory
FINANCED
$185,000,000
New York
See Similar DealsCondo187,329 SF
Financed 03/28/2024
FINANCED
Kriss Capital Provides $185M Loan For 135 East 47th Street Condo Inventory
135 East 47th Street
See Similar DealsCondo187,329 SF
Financed 03/28/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$987
Total Square Footage:187,329 SF
Transaction Type:Loan
The property involved in the transaction is a Condo located at 135 East 47th Street in Turtle Bay, Manhattan. The asset comprises 191 units with a total square footage of 187,329.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $185,000,000
- Market: Turtle Bay, Manhattan
- Lender: Kriss Capital
- Landlord: Navigation Capital
- Broker: Scott Aiese - JLL
- Loan Type: Condo Inventory Financing
The deal's key individuals and companies involved in this transaction include Scott Aiese from JLL who represented the interested parties in securing the $185,000,000 loan from Kriss Capital for the Condo property in Turtle Bay, Manhattan. Navigation Capital acted as the landlord in this financing deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$185,000,000.00
Monthly NOI$1,233,333.33
Monthly Debt Service$1,169,325.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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