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G4 Capital Partners Provides $165 Million Construction Loan For Development Site In New York City
FINANCED
$165,000,000
+ 1
New York
See Similar DealsDevelopment Site
Financed 03/06/2025
FINANCED
G4 Capital Partners Provides $165 Million Construction Loan For Development Site In New York City
259 East 71st Street
See Similar DealsDevelopment Site
Financed 03/06/2025
+ 1
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
The asset involved in this transaction is a development site located at 259 East 71st Street in New York City. The loan amount secured for this project is $165,000,000.00 and it is categorized as a construction loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $165,000,000.00
- Market: New York City
- Lender: G4 Capital Partners
- Landlord: Rabsky Group and Chetrit Group
- Loan Type: Construction
This transaction involves G4 Capital Partners as the lender providing the capital for the construction project, while Rabsky Group and Chetrit Group are identified as the landlords involved in the deal.
Players
LENDER
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$165,000,000.00
Monthly NOI$1,100,000.00
Monthly Debt Service$1,042,912.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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