GFP Real Estate's 71 Thomas Street In TriBeCa Secures $23.3M Refinance Loan With Capital One
FINANCED
$23,300,000
New York
See Similar DealsMixed-use133,000 SF
Financed 02/18/2022
FINANCED
GFP Real Estate's 71 Thomas Street In TriBeCa Secures $23.3M Refinance Loan With Capital One
71 Thomas Street, New York City, New York 10013, United States
See Similar DealsMixed-use133,000 SF
Financed 02/18/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$175
Total Square Footage:133,000 SF
Transaction Type:Loan
Located at 71 Thomas Street in TriBeCa, this mixed-use property with a total area of 133,000 square feet recently underwent a refinancing transaction.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $23,300,000
- Address: 71 Thomas Street
- Market: TriBeCa
- Lender: Capital One
- Landlord: GFP Real Estate - Jeffrey Gural
- Broker: Paul Talbot - Newmark
- Loan Type: Refinance Loan
- Loan Terms: 2.56%, fixed-rate interest-only
Jeffrey Gural of GFP Real Estate and Paul Talbot of Newmark were the key individuals involved in this transaction. Capital One served as the lender for the refinance loan deal.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,300,000.00
Monthly NOI$155,333.33
Monthly Debt Service$147,271.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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