Ari Davis Of Tannenbaum Helpern Represents Borrower In $25M Refinance Loan By Apple Bank
FINANCED
$25,000,000
New York
See Similar DealsMixed-use
Financed
FINANCED
Ari Davis Of Tannenbaum Helpern Represents Borrower In $25M Refinance Loan By Apple Bank
200 East 15th Street
See Similar DealsMixed-use
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The property involved in this transaction is a mixed-use asset located at 200 East 15th Street in the Gramercy Park market. The asset comprises 213 units and has a refinance loan amounting to $25,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $25,000,000
- Lender: Apple Bank
- Brokers: Avi Weinstock & Daniel Neiss - Meridian Capital Group
- Borrower's Attorney: Ari Davis - Tannenbaum Helpern
- Date: 11/25/2025
The key individuals involved in this transaction include Avi Weinstock and Daniel Neiss from Meridian Capital Group, who acted as brokers, while Ari Davis from Tannenbaum Helpern represented the borrower as legal counsel.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,000,000.00
Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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