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Aurora Capital Associates & William Gottlieb Real Estate Secure $114M Construction Loan For West Village Industrial Building

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FINANCED
$114,000,000

New York

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Industrial
Financed 06/30/2023
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Property Image
FINANCED

Aurora Capital Associates & William Gottlieb Real Estate Secure $114M Construction Loan For West Village Industrial Building

134 Jane St New York, Ny 10014, Usa

See Similar Deals
Industrial
Financed 06/30/2023
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Transaction Type:Loan

Aurora Capital Associates and William Gottlieb Real Estate, operating as 134 Jane Street LLC, have secured a construction loan worth $114 million for the industrial building located at 134 Jane Street in Manhattan's West Village. The loan was provided by Apollo Global Management's Athene Annuity And Life Company.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $114,000,000
  • Lender: Apollo Global Management
  • Landlord: Aurora Capital Associates & William Gottlieb Real Estate - Robert Cayre

The deal involved Aurora Capital Associates and William Gottlieb Real Estate, acting as the landlords of the property. Robert Cayre represented them in the transaction. The loan, financed by Apollo Global Management's Athene Annuity And Life Company, will be used for the construction of the industrial building at 134 Jane Street in Manhattan's West Village.

Players

Apollo Bank
Apollo Bank
LENDER
Apollo Global
Apollo Global
LENDER

Details

FINANCED
IMAGE: Robert Cayre DATE: 06/30/2023 ADDRESS: 134 Jane Street MARKET: West Village, Manhattan ASSET TYPE: Industrial LENDER: Apollo Global Management LANDLORD: Aurora Capital Associates & William Gottlieb Real Estate - Robert Cayre LOAN AMOUNT: $114,000,000 LOAN TYPE: Construction NOTE: Aurora Capital Associates and William Gottlieb Real Estate, operating as 134 Jane Street LLC, secured a construction loan worth $114 million from Apollo Global Management's Athene Annuity And Life Company for the industrial building located at 134 Jane Street in Manhattan's West Village.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$114,000,000.00

Monthly NOI$760,000.00
Monthly Debt Service$720,557.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00