Citi Provides $18.25M Loan For Mixed-Use Properties In Upper West Side
FINANCED
$18,250,000
New York
See Similar DealsMixed-use
Financed 11/10/2020
FINANCED
Citi Provides $18.25M Loan For Mixed-Use Properties In Upper West Side
156 W 54th St, New York, NY 10019, USA
See Similar DealsMixed-use
Financed 11/10/2020
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The mixed-use properties located at 156 West 54th Street, 212 East 47th Street, and 455 Central Park West in the Upper West Side have undergone a loan transaction.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $18,250,000
- Market: Upper West Side
Citi provided a loan of $18,250,000 for the properties. The landlords involved in the transaction are Hudson Capital Properties and Centerpark. Ryan Horowitz from Cooper Horowitz acted as the broker in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,250,000.00
Monthly NOI$121,666.67
Monthly Debt Service$115,352.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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