Kunal Doshi & Doug Bouquard Of TPG Provide $70 Million Refinance Loan For Development Site In Chelsea
101 West 23rd Street
$70,000,000
Building Size
—
Asset Type
Development Site
Closing
Jul 1, 2026
AI
The property asset involved in this transaction is a development site located at 101 West 23rd Street in the Chelsea market of Manhattan. The loan amount secured for this property is $70,000,000, which is a refinance transaction.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $70,000,000
- Lender: Kunal Doshi & Doug Bouquard - TPG
- Landlord: Jeffrey Goldberg
- Landlord's Representative: Drew Anderman, AJ Bruno & Jackson Demet - CBRE
- Loan Type: Refinance
The deal involved key individuals including the landlord, Jeffrey Goldberg, along with his representatives from CBRE: Drew Anderman, AJ Bruno, and Jackson Demet. The lending company is represented by Kunal Doshi and Doug Bouquard from TPG.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93