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2 Wall Street Property LLC Secures $76 Million Loan From Webster Bank For Partial Conversion
FINANCED
$76,000,000
New York
See Similar DealsMixed-use
Financed
FINANCED
2 Wall Street Property LLC Secures $76 Million Loan From Webster Bank For Partial Conversion
2 Wall Street
See Similar DealsMixed-use
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property located at 2 Wall Street in the Financial District. The property is undergoing a partial office-to-residential conversion, with a loan amount totaling $76 million secured through two mortgages.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $76,000,000
- Address: 2 Wall Street
- Market: Financial District
- Lender: Webster Bank
- Landlord: 2 Wall Street Property LLC
Key representatives in this transaction include 2 Wall Street Property LLC, which secured financing, and Webster Bank, the lender facilitating this loan arrangement supporting the property's conversion efforts.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$76,000,000.00
Monthly NOI$506,666.67
Monthly Debt Service$480,371.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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