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Parkview Financial Provides $70 Million Construction Loan For Mixed-Use Property In Greenwich Village

Property Image
FINANCED
$70,000,000

New York

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Mixed-use60,661 SF
Financed
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Property Image
FINANCED

Parkview Financial Provides $70 Million Construction Loan For Mixed-Use Property In Greenwich Village

1 Saint Mark's Place, New York City, New York 10003, United States

See Similar Deals
Mixed-use60,661 SF
Financed
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1154
Total Square Footage:60661 SF
Transaction Type:Loan

The mixed-use property located at 1 & 3 St. Marks Place in Greenwich Village, Manhattan, was recently involved in a closed transaction. The property spans a total of 60,661 square feet and features a combination of residential and commercial spaces.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Date: 06/03/2022
  • Image: Paul Rahimian
  • Market: Greenwich Village, Manhattan
  • Loan Amount: $70,000,000
  • Lender: Parkview Financial - Paul Rahimian
  • Landlord: Real Estate Equities Corporation
  • Broker: Anthony Ledesma - Hodges Ward Elliott

The loan for this transaction was provided by Parkview Financial, with Paul Rahimian overseeing the lending process. The landlord in this deal was Real Estate Equities Corporation. Anthony Ledesma from Hodges Ward Elliott represented the parties involved as the broker.

Players

Anthony Ledesma
DIA Capital Group
Anthony Ledesma
17 deals$1.7B volume(631) 901-9100
BROKER
Parkview Financial
Parkview Financial
LENDER
RC
Real Estate Equities Corporation
LANDLORD

Details

FINANCED
IMAGE: Paul Rahimian (@PaulRahimian) DATE: 06/03/2022 ADDRESS: 1 & 3 St. Marks Place MARKET: Greenwich Village, Manhattan ASSET TYPE: Mixed-use ~ SF: 60,661 LENDER: Parkview Financial (@Parkview.Financial) - Paul Rahimian LANDLORD: Real Estate Equities Corporation BROKER: Anthony Ledesma (@AsLedesma84) - Hodges Ward Elliott (@Hodges_Ward_Elliott) LOAN AMOUNT: $70,000,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$70,000,000.00

Monthly NOI$466,666.67
Monthly Debt Service$442,447.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00