Bank Of America Refinances Condo At 252 South Street In Manhattan
FINANCED
$217,000,000
New York
See Similar DealsCondo
Financed 08/11/2022
FINANCED
Bank Of America Refinances Condo At 252 South Street In Manhattan
252 South Street, New York City, New York 10002, United States
See Similar DealsCondo
Financed 08/11/2022
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Loan
A condominium located at 252 South Street in Manhattan has recently undergone a loan refinancing transaction. The property consists of 242 units and is owned by Extell Development, represented by Marc Kwestel. The loan was provided by Bank of America, with Christine Trotter serving as the lender's representative.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $217,000,000
- Address: 252 South Street
- Market: Manhattan
- Units: 242
- Lender: Bank of America - Christine Trotter
- Landlord: Extell Development - Marc Kwestel
- Loan Type: Refinance
Christine Trotter, representing Bank of America, facilitated the loan refinancing. The collaboration between Extell Development and Bank of America has allowed for the successful refinancing of the condominium at 252 South Street in Manhattan.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$217,000,000.00
Monthly NOI$1,446,666.67
Monthly Debt Service$1,371,587.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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