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66 W 38th St, New York, NY,...

Matthew Klauer, Steven Deck Of Wells Fargo Lend $125M For Condo In New York
FINANCEDCondo

Matthew Klauer, Steven Deck Of Wells Fargo Lend $125M For Condo In New York

66 W 38th St, New York, NY, 10018

$125,000,000

Building Size

Asset Type

Condo

Closing

Feb 20, 2019

AI

The property at 66 W 38th St, New York, NY, 10018 is a Condo asset located in the New York market. The loan for this property was secured on 02/20/2019 with a substantial amount of $125,000,000.00 from Wells Fargo.

Summary of transation details:

  • Property Type: Condo
  • Transaction Amount: $125,000,000.00
  • Borrower's Representatives: Matthew "Matt" Klauer, Steven Deck
  • Lender: Wells Fargo

The Borrower's Representatives for this deal are Matthew "Matt" Klauer and Steven Deck, providing guidance and representation throughout the transaction.

Players

Matthew Klauer

Broker

$832.3M

vol

8 deals

Broker
Wells Fargo
Wells FargoLender

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

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93