JP Morgan Provides $754M Refinance Loan For Mixed-Use Aman Hotel At 730 Fifth Avenue In Plaza District
FINANCED
$754,000,000
+ 1
New York
See Similar DealsMixed-use313 SF
Financed 10/06/2022
FINANCED
JP Morgan Provides $754M Refinance Loan For Mixed-Use Aman Hotel At 730 Fifth Avenue In Plaza District
730 5th Avenue
See Similar DealsMixed-use313 SF
Financed 10/06/2022
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$2,408,945
Total Square Footage:313 SF
Transaction Type:Loan
The Aman Hotel located at 730 Fifth Avenue in the Plaza District has recently undergone a significant financial transaction. The mixed-use property spans over 313,000 square feet and includes various amenities and spaces.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $754,000,000
- Loan Type: Refinance
The loan for this transaction was provided by JP Morgan, with Aaron Casden representing the lender. The landlord of the property is OKO Group. The brokerage firm Walker & Dunlop played a role in facilitating the deal, with Jonathan Schwartz, Aaron Appel, Keith Kurland, and Adam Schwartz acting as brokers.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$754,000,000.00
Monthly NOI$5,026,666.67
Monthly Debt Service$4,765,792.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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