Montgomery Street Partners Enters 99-Year Ground Lease With Full Time Management At 75 Nassau Street
FINANCED
$98,000,000
New York
See Similar DealsDevelopment Site
Financed 12/31/2025
FINANCED
Montgomery Street Partners Enters 99-Year Ground Lease With Full Time Management At 75 Nassau Street
75 Nassau Street
See Similar DealsDevelopment Site
Financed 12/31/2025
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
The asset involved in this transaction is a development site located at 75 Nassau Street in Manhattan, featuring a building square footage of 315,000. The ground lease for this property has a term of 99 years.
Summary of transaction details:
- Property Type: Ground Lease
- Transaction Amount: Not specified
- Address: 75 Nassau Street
- Market: Manhattan
- Ground Lessor: Montgomery Street Partners
- Developer: Full Time Management
- Broker: Tom Li - SPR Group LLC
The transaction is represented by Tom Li from SPR Group LLC, who is the broker assisting in this ground lease deal. Montgomery Street Partners serves as the ground lessor while Full Time Management is the developer for the project.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$98,000,000.00
Monthly NOI$653,333.33
Monthly Debt Service$619,426.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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