Raven Capital Management Provides $60.5M Loan For Mixed-Use Properties In Nolita
FINANCED
New York
See Similar DealsMixed-use72,000 SF
Financed 08/31/2022
FINANCED
Raven Capital Management Provides $60.5M Loan For Mixed-Use Properties In Nolita
164 Bowery, New York City, New York 10012, United States
See Similar DealsMixed-use72,000 SF
Financed 08/31/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$839
Total Square Footage:72,000 SF
Transaction Type:Loan
The mixed-use property located at 164 Bowery, 162 Bowery, and 166 Bowery in Nolita has been involved in a closed transaction. The property spans approximately 72,000 square feet, offering a diverse range of uses in a highly sought-after location.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $60,454,299
- Address: 164 Bowery, 162 Bowery, and 166 Bowery
- Market: Nolita
- Loan Date: 08/31/2022
Raven Capital Management (Raven & Company) provided the loan for this transaction. The landlord involved in the deal is Mark A. Seigel and Brandon Klein. The loan amount of $60,454,299 indicates the significant investment made in this property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$60,454,299.00
Monthly NOI$403,028.66
Monthly Debt Service$382,112.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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