Ackman-Ziff Arranges $170M Construction Loan For Development Site At 126 East 57th Street In NYC
FINANCED
$170,000,000
+ 1
New York
See Similar DealsDevelopment Site
Financed
FINANCED
Ackman-Ziff Arranges $170M Construction Loan For Development Site At 126 East 57th Street In NYC
126 East 57th Street
See Similar DealsDevelopment Site
Financed
+ 1
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
The property involved in this transaction is a development site located at 126 East 57th Street in New York City. The loan amount for this transaction is $170,000,000, specifically designated for construction purposes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $170,000,000
- Landlord: Rotem Rosen, Isaac Hagag, Mahindra
- Lender: Bank OZK
- Brokers: Simon Ziff (Simonziff_ackmanziff) - Ackman-Ziff, Jason Krane (Jason_krane) - Ackman-Ziff, Max Kra (Mak093) - Ackman-Ziff
Key individuals involved in this transaction include Rotem Rosen, Isaac Hagag, and Mahindra representing the landlord, alongside Bank OZK as the lender. The brokerage team from Ackman-Ziff, consisting of Simon Ziff, Jason Krane, and Max Kra, played a pivotal role in facilitating the loan transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$170,000,000.00
Monthly NOI$1,133,333.33
Monthly Debt Service$1,074,515.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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