One Five O West 25th Street Condo Inventory Financing Secured By Calmwater Capital For $32.9M
FINANCED
$32,900,000
New York
See Similar DealsDevelopment Site1,463 SF
Financed 03/20/2019
FINANCED
One Five O West 25th Street Condo Inventory Financing Secured By Calmwater Capital For $32.9M
500 West 25th Street, New York, NY, USA
See Similar DealsDevelopment Site1,463 SF
Financed 03/20/2019
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$22,488
Total Square Footage:1,463 SF
Transaction Type:Loan
The property involved in this transaction is a condominium located at 500 W 25th St. The asset type is Condo Inventory Financing. The transaction took place on 03/20/2019. The loan amount for this deal was $32.9M.
Summary of transaction details:
- Property Type: Condo Inventory Financing
- Transaction Amount: $32.9M
- Developer: GDSNY
- Lender: Calmwater Capital
- Mortgage Broker: Adam Hakim, James Murad & Andrew Iadeluca from Meridian Capital Group
The individuals and companies involved in this deal include Adam Hakim, Alan Rudikoff, James Murad, Michael Kirchmann, and Andrew Iadeluca. Calmwater Capital served as the lender for this loan.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$32,900,000.00
Monthly NOI$219,333.33
Monthly Debt Service$207,950.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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