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Acore Capital Provides $100M Refinancing Loan For Casa Cipriani In Battery Park

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FINANCED
$100,000,000
Keith Kurland
Adam Schwartz
+ 2

New York

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Mixed-use146,800 SF
Financed 05/12/2022
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Property Image
FINANCED

Acore Capital Provides $100M Refinancing Loan For Casa Cipriani In Battery Park

10 South Street, New York City, New York, United States

See Similar Deals
Mixed-use146,800 SF
Financed 05/12/2022
Keith Kurland
Adam Schwartz
+ 2
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$681
Total Square Footage:146,800 SF
Transaction Type:Loan

Casa Cipriani, a mixed-use property located at 10 South St. in Battery Park, has been involved in a recent loan transaction. The property spans approximately 146,800 square feet and consists of 47 keys. The transaction took place on 05/12/2022.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $100,000,000
  • Address: 10 South St. - Casa Cipriani
  • Market: Battery Park
  • Key Details: 47 keys

The loan for this transaction was provided by Acore Capital. The owners of the property, Midtown Equities, Centaur Properties, and Cipriani, sought the assistance of brokers from Walker & Dunlop, including Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, and Mo Beler.

This refinancing deal represents a significant milestone for Casa Cipriani in Battery Park. The involvement of prominent individuals and companies, such as Acore Capital and Walker & Dunlop, adds further credibility to the transaction.

Players

Aaron Appel
194 deals$32.5B volume
BROKER

Jonathan Schwartz
Walker & Dunlop
168 deals$27.2B volume
BROKER

Keith Kurland
Walker & Dunlop
173 deals$29.4B volume
BROKER

Adam Schwartz
Walker & Dunlop
166 deals$25.7B volume(646) 491-8869
BROKER

Mo Beler
Walker & Dunlop
35 deals$6.4B volume
BROKER

Acore Capital
LENDER



LANDLORD

Details

FINANCED
IMAGE: Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz & Mo Beler DATE: 05/12/2022 ADDRESS: 10 South St. - Casa Cipriani MARKET: Battery Park ASSET TYPE: Mixed-use ~ SF: 146,800 ~ KEYS: 47 LENDER: Acore Capital LANDLORD: Midtown Equities, Centaur Properties & Cipriani BROKERS: Aaron Appel, Jonathan Schwartz (@JonSchwartz), Keith Kurland (@BeefyAppleSeed), Adam Schwartz & Mo Beler (@MBeler) - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $100,000,000 LOAN TYPE: Refinanc

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$100,000,000.00

Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00