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Josh Baumgarten & Adam Schwartz Of TPG Angelo Gordon Secure $34.5M Refinance Loan For 2875 Broadway

Property Image
FINANCED
$34,500,000
Thomas (Tom) Lorenzini

New York

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Mixed-use23,300 SF
Financed 09/09/2025
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Property Image
FINANCED

Josh Baumgarten & Adam Schwartz Of TPG Angelo Gordon Secure $34.5M Refinance Loan For 2875 Broadway

2875 Broadway

See Similar Deals
Mixed-use23,300 SF
Financed 09/09/2025
Thomas (Tom) Lorenzini
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,480
Total Square Footage:23,300 SF
Transaction Type:Loan

2875 Broadway is a fully leased mixed-use property located in Manhattan’s Upper West Side, encompassing a total square footage of 23,300. The property is currently involved in a refinancing transaction with a loan amount of $34,500,000.

Summary of transaction details:

Thomas Lorenzini, representing Seven Hills Realty Trust, facilitated the $34.5 million floating-rate first mortgage loan for the refinancing of the property. The landlords for the transaction are Josh Baumgarten and Adam Schwartz, who are associated with TPG Angelo Gordon and Premier Equities.

Players

Thomas (Tom) Lorenzini
11 deals$302M volume
LENDER

Seven Hills Realty Trust
LENDER

Adam Schwartz
TPG Angelo Gordon
166 deals$25.7B volume
LANDLORD



Details

FINANCED
IMAGE: Josh Baumgarten, Adam Schwartz & Thomas Lorenzini DATE: 09/09/2025 ADDRESS: 2875 Broadway MARKET: Upper West Side ASSET TYPE: Mixed-use ~ SF: 23,300 LENDER: Thomas Lorenzini - Seven Hills Realty Trust LANDLORD: Josh Baumgarten & Adam Schwartz - TPG Angelo Gordon; Premier Equities LOAN AMOUNT: $34,500,000 LOAN TYPE: Refinance NOTE: Seven Hills Realty Trust closed a $34.5 million floating-rate first mortgage loan to refinance 2875 Broadway, a fully leased 23,300-square-foot mixed-use property on Manhattan’s Upper West Side. -use

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$34,500,000.00

Monthly NOI$230,000.00
Monthly Debt Service$218,063.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00