facebook
Traded Co logo
Submit
Daily limit: 0/10

The Jay Group Secures $115M Loan From Apollo Global Management For Development Site In Manhattan

Property Image
FINANCED
$115,000,000
Henry Bodek
Marc Rowan

New York

See Similar Deals
Development Site
Financed 03/04/2025
the dealplayerscompscontact
Property Image
FINANCED

The Jay Group Secures $115M Loan From Apollo Global Management For Development Site In Manhattan

401 West 207th Street

See Similar Deals
Development Site
Financed 03/04/2025
Henry Bodek
Marc Rowan
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Loan

The property asset involved in the transaction is a development site located at 401 West 207th Street in Manhattan, with a building square footage of 293,000. The property is part of a mixed-use project featuring 273 residential units. The total loan amount secured for this construction project is $115,000,000.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $115,000,000
  • Address: 401 West 207th Street
  • Market: Manhattan
  • Asset Square Footage: 293,000
  • Lender: Marc Rowan - Apollo Global Management
  • Landlord: The Jay Group
  • Broker: Henry Bodek - Galaxy Capital
  • Loan Type: Construction

The Jay Group engaged Apollo Global Management for $115M in construction takeout financing to develop the mixed-use project. Key participants in this transaction include Marc Rowan representing Apollo Global Management and Henry Bodek from Galaxy Capital, who facilitated the deal for The Jay Group.

Players

Henry Bodek
Galaxy Capital
Henry Bodek
69 deals$12.3B volume
BROKER
Marc Rowan
Apollo Global
Marc Rowan
20 deals$1.6B volume
LENDER
Apollo Global
Apollo Global
LENDER
TG
The Jay Group
LANDLORD

Details

FINANCED
IMAGE: Marc Rowan DATE: 03/04/2025 ADDRESS: 401 West 207th Street MARKET: Manhattan ASSET TYPE: Development Site ~ BSF: 293,000 LENDER: Marc Rowan - Apollo Global Management LANDLORD: The Jay Group BROKER: Henry Bodek (@Henry_Bodek) - Galaxy Capital LOAN AMOUNT: $115,000,000 LOAN TYPE: Construction NOTE: The Jay Group secured $115M in construction takeout financing from Apollo Global Management for its 273-unit mixed-use project at 401 West 207th Street in Inwood, Manhattan.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$115,000,000.00

Monthly NOI$766,666.67
Monthly Debt Service$726,878.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00