UMB Bank Provides $55M Refinance Loan For Mixed-Use Property At 815 5th Avenue In Lenox Hill
815 5th Avenue, New York City, New York 10011, United States
$55,000,000
$2,198/SF
Building Size
25,023 SF
Asset Type
Mixed-use
Closing
Jul 28, 2022
About this deal
AI
The mixed-use property located at 815 5th Avenue in the Lenox Hill market has recently undergone a refinancing transaction. The property spans a total square footage of 25,023 and is situated in a prime location.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $55,000,000
- Lender: UMB Bank
- Landlord: JHSF Participacoes
In this refinancing deal, UMB Bank acted as the lender, providing a loan amount of $55,000,000 to the property owner. JHSF Participacoes, the landlord, was involved in the transaction as well.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93