Related Companies And The Hudson Companies Secure $111M Construction Loan For Roosevelt Island Development Site
FINANCED
New York
See Similar DealsDevelopment Site
Financed 11/14/2022
FINANCED
Related Companies And The Hudson Companies Secure $111M Construction Loan For Roosevelt Island Development Site
430 Main Street, New York City, New York 10044, United States
See Similar DealsDevelopment Site
Financed 11/14/2022
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
An $111,000,000 construction loan has been secured for a development site located at 430 Main Street in Roosevelt Island. The lender for this transaction is Wells Fargo.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $111,000,000
- Address: 430 Main Street
- Market: Roosevelt Island
The property's landlords in this deal are Frank Monterisi from Related Companies and David Kramer from The Hudson Companies.
Please note that no additional information is available at this time.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$111,000,000.00
Monthly NOI$740,000.00
Monthly Debt Service$701,595.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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