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52 Thompson Street

Eran Silverberg Of SME Capital Ventures Refinances $16M Loan For Condo At 52 Thompson Street
FINANCEDCondo

Eran Silverberg Of SME Capital Ventures Refinances $16M Loan For Condo At 52 Thompson Street

52 Thompson Street

$16,000,000

Building Size

Asset Type

Condo

Closing

Apr 30, 2025

AI

The property asset involved is a mixed-use condominium located at 52 Thompson Street in the SoHo market of Manhattan. The transaction pertains to a refinance of a $16,000,000 loan associated with the property.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $16,000,000
  • Lender: Adam Glick - Maxim Capital Group
  • Landlord: Eran Silverberg - SME Capital Ventures
  • Loan Type: Refinance

In this transaction, SME Capital Ventures, through Thompson Broome Gexsme LLC, engaged in refinancing activities with Maxim Capital Group, facilitating financing for the mixed-use condo building.

Players

Maxim Capital Group
Maxim Capital GroupLender
SME Capital Ventures
SME Capital VenturesLandlord

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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93