JPMorgan Chase Provides $80M Refinance Loan For Midtown East Hotel & Retail Property
FINANCED
$80,000,000
New York
See Similar DealsHotel866,090 SF
Financed 06/17/2022
FINANCED
JPMorgan Chase Provides $80M Refinance Loan For Midtown East Hotel & Retail Property
35 East 50th Street, New York City, New York 10022, United States
See Similar DealsHotel866,090 SF
Financed 06/17/2022
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$92
Total Square Footage:866,090 SF
Transaction Type:Loan
The property involved in the transaction is a Hotel & Retail asset located at 35 East 50th Street, 455 & 457 Madison Avenue in Midtown East. The total square footage of the property is 866,090. The transaction date is 06/17/2022. The property is owned by the Archdiocese of New York.
Summary of transaction details
- Property Type: Hotel & Retail
- Transaction Amount: $80,000,000
- Market: Midtown East
- Lender: JPMorgan Chase
- Loan Type: Refinance
The lender for this transaction is JPMorgan Chase, providing a loan amount of $80,000,000. The loan type is a refinance. It's important to note that Jamie Dimon, the CEO of JPMorgan Chase, is featured in the provided image.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$80,000,000.00
Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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