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
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