facebook
Traded Co logo
Submit
Daily limit: 0/10

Madison Realty Capital Secures $130M Financing At 644 E. 14th St

Property Image
FINANCED
$130,000,000

New York

See Similar Deals
Mixed-use
Financed 07/15/2024
the dealplayerscompscontact
Property Image
FINANCED

Madison Realty Capital Secures $130M Financing At 644 E. 14th St

644 East 14th Street

See Similar Deals
Mixed-use
Financed 07/15/2024
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan

The mixed-use property located at 644 East 14th Street in East Village, Manhattan, has secured a $130,000,000 loan for its development project. The loan was facilitated by Marc Rowan from Apollo Global Management and Andy Klein from Lionheart Strategic Management. The property is owned by Adam Tantleff, Brian Shatz, and Josh Zegen of Madison Realty Capital.

Summary of transation details:

  • Property Type: Mixed-use
  • Transaction Amount: $130,000,000
  • Lender: Marc Rowan - Apollo Global Management
  • Lender: Andy Klein - Lionheart Strategic Management
  • Landlord: Adam Tantleff, Brian Shatz & Josh Zegen - Madison Realty Capital

The deal involved key individuals such as Marc Rowan and Andy Klein, who provided the financing for the project. In addition, the property is owned by Adam Tantleff, Brian Shatz, and Josh Zegen, representing Madison Realty Capital in this transaction.

Players

LENDER

Details

FINANCED
IMAGE: Adam Tantleff, Marc Rowan, Josh Zegen, Andy Klein & Brian Shatz DATE: 07/15/2024 ADDRESS: 644 East 14th Street MARKET: East Village, Manhattan ASSET TYPE: Mixed-use LENDER: Marc Rowan - Apollo Global Management & Andy Klein - Lionheart Strategic Management LANDLORD: Adam Tantleff, Brian Shatz & Josh Zegen (@JZegen) - Madison Realty Capital (@MadisonRealtyCapital) LOAN AMOUNT: $130,000,000 NOTE: Madison Realty Capital has secured approximately $130 million in financing for its development project at 644 E. 14th St., facilitated by Apollo Global Management and Lionheart Strategic Management.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$130,000,000.00

Monthly NOI$866,666.67
Monthly Debt Service$821,688.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00