Skyline Developers Secures $135.2M Construction Loan From Goldman Sachs Bank For Midtown West Mixed-Use Property
FINANCED
$135,200,000
New York
See Similar DealsMixed-use152,689 SF
Financed 03/22/2023
FINANCED
Skyline Developers Secures $135.2M Construction Loan From Goldman Sachs Bank For Midtown West Mixed-Use Property
10 West 55th Street
See Similar DealsMixed-use152,689 SF
Financed 03/22/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$885
Total Square Footage:152,689 SF
Transaction Type:Loan
The mixed-use property located at 10 West 55th Street in Midtown West, Manhattan has recently secured a construction loan. The property, encompassing a total area of 152,689 square feet, consists of 96 units.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $135,200,000
- Address: 10 West 55th Street
- Market: Midtown West, Manhattan
- Square Footage: 152,689
- Units: 96
The loan, provided by Goldman Sachs Bank, has enabled the property's development. Skyline Developers, serving as the landlord, is overseeing the project's progress. With the loan amounting to $135,200,000, the construction of this mixed-use property is expected to advance in the near future.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$135,200,000.00
Monthly NOI$901,333.33
Monthly Debt Service$854,555.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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