Citi Bank Provides $58 Million Refinance Loan For Aurora Capital Associates Mixed-Use Property In SoHo
FINANCED
New York
See Similar DealsMixed-use88,400 SF
Financed
FINANCED
Citi Bank Provides $58 Million Refinance Loan For Aurora Capital Associates Mixed-Use Property In SoHo
600 Broadway
See Similar DealsMixed-use88,400 SF
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$656
Total Square Footage:88400 SF
Transaction Type:Loan
The property is a mixed-use asset located at 600 Broadway in SoHo, Manhattan. It encompasses a total square footage of 88,400 and is involved in a refinance transaction amounting to $58,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $58,000,000
- Loan Type: Refinance
- Lender: Joseph Dyckman - Citi Bank
- Landlord: Robert Cayre - Aurora Capital Associates
- Brokers: Aaron Appel, Dustin Stolly, Jonathan Schwartz, Stanley Cayre, Michael Brown, Keith Kurland & Adam Schwartz - Walker & Dunlop
The transaction features a collaboration of several brokers from Walker & Dunlop, highlighting their roles in facilitating this refinance deal. Joseph Dyckman from Citi Bank serves as the lender, while Robert Cayre from Aurora Capital Associates acts as the landlord.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$58,000,000.00
Monthly NOI$386,666.67
Monthly Debt Service$366,599.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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