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Macquarie Capital Principal Finance Provides $171M Acquisition Loan For 108-Unit Condo On Upper West Side

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FINANCED
$171,000,000
Michael Gigliotti
Jeffrey (Jeff) Julien
+ 1

New York

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Condo
Financed 01/11/2024
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FINANCED

Macquarie Capital Principal Finance Provides $171M Acquisition Loan For 108-Unit Condo On Upper West Side

212 West 72nd Street

See Similar Deals
Condo
Financed 01/11/2024
Michael Gigliotti
Jeffrey (Jeff) Julien
+ 1
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Summary

NEW YORK
Asset Type:Condo
Transaction Type:Loan

The property at 212 West 72nd Street in the Upper West Side is a Condo with 108 units. The lender for the transaction was Macquarie Capital Principal Finance, providing a loan amount of $171,000,000 for a refinance. The landlord involved in the deal was Centurion Real Estate Partners, LLC. The transaction was facilitated by brokers Michael Gigliotti, Peter Rotchford, Rob Hinckley, and Jeffrey Julien from JLL.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $171,000,000
  • Units: 108
  • Address: 212 West 72nd Street
  • Market: Upper West Side
  • Lender: Macquarie Capital Principal Finance
  • Landlord: Centurion Real Estate Partners, LLC
  • Brokers: Michael Gigliotti, Peter Rotchford, Rob Hinckley & Jeffrey Julien - JLL

The team of Michael Gigliotti, Peter Rotchford, Rob Hinckley, and Jeffrey Julien from JLL played a significant role in the successful refinancing deal at 212 West 72nd Street. Their expertise and negotiation skills were crucial in finalizing the transaction, highlighting their experience in handling large-scale commercial real estate deals. Each member of the team brought valuable insights and industry knowledge, ensuring a smooth and efficient refinancing process for the property.

Players

Jeffrey (Jeff) Julien
58 deals$9B volume
BROKER

Michael Gigliotti
JLL
19 deals$3.7B volume
BROKER

Peter (Pete) Rotchford
JLL
63 deals$8.9B volume(212) 632-1822
BROKER

Rob Hinckley
JLL
82 deals$11.7B volume
BROKER

Macquarie Group
LENDER

Details

FINANCED
IMAGE: Michael Gigliotti, Peter Rotchford, Rob Hinckley & Jeffrey Julien DATE: 01/11/2024 ADDRESS: 212 West 72nd Street MARKET: Upper West Side ASSET TYPE: Condo ~ UNITS: 108 LENDER: Macquarie Capital Principal Finance LANDLORD: Centurion Real Estate Partners, LLC BROKERS: Michael Gigliotti, Peter Rotchford, Rob Hinckley & Jeffrey Julien (@Jeff.Julien) - JLL (@JLL) LOAN AMOUNT: $171,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$171,000,000.00

Monthly NOI$1,140,000.00
Monthly Debt Service$1,080,836.32
Change in Cash Flow$0.00
Refinance Proceeds$0.00