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Eric Schlagman Secures $25M Refinancing Loan For Tribeca Mixed-Use Property
FINANCED
$25,000,000
New York
See Similar DealsMixed-use11,337 SF
Financed 04/27/2023
FINANCED
Eric Schlagman Secures $25M Refinancing Loan For Tribeca Mixed-Use Property
50 Hudson St New York, NY 10013, USA
See Similar DealsMixed-use11,337 SF
Financed 04/27/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$2,205
Total Square Footage:11,337 SF
Transaction Type:Loan
Eric Schlagman secured a $25 million refinancing loan from GLT Hudson Holdings, LLC, an affiliate of Regeneron co-founder George D. Yancopoulos, for the mixed-use building located at 50 Hudson Street in Tribeca, Manhattan. The loan closed on April 27, 2023.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $25,000,000
- Address: 50 Hudson Street
- Market: Tribeca, Manhattan
- SF: 11,337
- Lender: GLT Hudson Holdings, LLC
- Landlord: Eric Schlagman
- Loan Type: Refinance
GLT Hudson Holdings, LLC, an affiliate of Regeneron co-founder George D. Yancopoulos, provided a $25 million refinancing loan to Eric Schlagman for the mixed-use building at 50 Hudson Street in Tribeca, Manhattan. The loan closed on April 27, 2023.
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LENDER
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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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