Macquarie Capital Principal Finance Provides $171M Acquisition Loan For 108-Unit Condo On Upper West Side
212 West 72nd Street
$171,000,000
Building Size
—
Asset Type
Condo
Closing
Jan 11, 2024
AI
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
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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93