Bank Of China Lends $166M For Mixed-use Property At 565 Broome Soho
FINANCED
$166,000,000
+ 1
New York
See Similar DealsMixed-use4,430 SF
Financed 11/13/2019
FINANCED
Bank Of China Lends $166M For Mixed-use Property At 565 Broome Soho
565 Broome St, New York, NY 10013, USA
See Similar DealsMixed-use4,430 SF
Financed 11/13/2019
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$37,471
Total Square Footage:4,430 SF
Transaction Type:Loan
A loan in the amount of $166,000,000 has been secured for the mixed-use property located at 565 Broome Street in Soho. The property is owned by Halpern Real Estate Ventures and Bizzi & Partners Development. The loan was provided by the Bank of China.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $166,000,000
- Address: 565 Broome Street, Soho
- Market: Soho
The deal was brokered by AKS Capital Partners, with Aaron Appel, Keith Kurland, and Jonathan & Adam Schwartz representing the parties involved.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$166,000,000.00
Monthly NOI$1,106,666.67
Monthly Debt Service$1,049,232.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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