Bank Of Oklahoma Provides $21M Refinance Loan For Mixed-Use Properties In New York City
FINANCED
$21,000,000
New York
See Similar DealsMixed-use600,000 SF
Financed 01/04/2023
FINANCED
Bank Of Oklahoma Provides $21M Refinance Loan For Mixed-Use Properties In New York City
252 West 38th Street, 262 West 38th Street & 165 Madison Ave,New York, Ny 10016
See Similar DealsMixed-use600,000 SF
Financed 01/04/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$35
Total Square Footage:600,000 SF
Transaction Type:Loan
The loan transaction involves three properties located at 252 West 38th Street, 262 West 38th Street, and 165 Madison Ave in New York City. The mixed-use assets have a total square footage of 200,000 and were part of a refinance deal.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $21,000,000
- Lender: Bank of Oklahoma
- Landlord: Silver Eight Capital - Alan Silberman & Guillermo Silberman
The lender in the deal is the Bank of Oklahoma, providing a loan amount of $21,000,000 for the refinance. On the landlord side, Silver Eight Capital, represented by Alan Silberman & Guillermo Silberman, is involved in the transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,000,000.00
Monthly NOI$140,000.00
Monthly Debt Service$132,734.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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