Israel Discount Bank Provides $30M Loan For Office And Mixed-Use Building In Soho
FINANCED
$30,000,000
New York
See Similar DealsMixed-use38,235 SF
Financed 06/29/2021
FINANCED
Israel Discount Bank Provides $30M Loan For Office And Mixed-Use Building In Soho
449 Broadway, Manhattan, New York, NY, USA
See Similar DealsMixed-use38,235 SF
Financed 06/29/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$784
Total Square Footage:38,235 SF
Transaction Type:Loan
The property involved in this closed transaction is a mixed-use property located at 449 Broadway & 301 Canal Street in the Soho market. The property consists of office and retail space.
Summary of transaction details
- Property Type: Office & Mixed-use
- Transaction Amount: $30,000,000
- Square Footage: 38,235 SF
- Address: 449 Broadway & 301 Canal Street, Soho
The lender for this transaction was Israel Discount Bank, and the landlord is United American Land.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,000,000.00
Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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