facebook
Traded Co logo
Submit

Fort Amsterdam Capital Provides $42M Bridge Loan For Mixed-Use Property In Tribeca

Property Image
FINANCED
$42,000,000

New York

See Similar Deals
Mixed-use
Financed 01/12/2024
the dealplayerscompscontact
Property Image
FINANCED

Fort Amsterdam Capital Provides $42M Bridge Loan For Mixed-Use Property In Tribeca

88 West Broadway

See Similar Deals
Mixed-use
Financed 01/12/2024
Contact now

Summary

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

The loan, totaling $42,000,000, was provided by Fort Amsterdam Capital, represented by Evan O'Connor & David Schwartz. The loan is categorized as a bridge loan. It is collateralized by a mixed-use assemblage located at 74 Warren Street, 72 Warren Street, 80 West Broadway, and 88 West Broadway in the Tribeca neighborhood of Manhattan. The assemblage includes a development site, a mixed-use building, and residential condominiums. The loan transaction involves the 6R Capital Group as the landlord.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $42,000,000
  • Lender: Fort Amsterdam Capital - Evan O'Connor & David Schwartz
  • Landlord: 6R Capital Group

The loan provided by Fort Amsterdam Capital, represented by Evan O'Connor & David Schwartz, is secured by the mixed-use assemblage, incorporating 74 Warren Street, 72 Warren Street, 80 West Broadway, and 88 West Broadway. This collateral encompasses a development site, a mixed-use building, and residential condominiums. The loan transaction was executed with the involvement of the 6R Capital Group as the landlord.

Players

LENDER

Details

FINANCED
IMAGE: Evan O'Connor & David Schwartz DATE: 01/12/2024 ADDRESS: 80 West Broadway MARKET: Tribeca, Manhattan ASSET TYPE: Mixed-use LENDER: Fort Amsterdam Capital - Evan O'Connor & David Schwartz LANDLORD: 6R Capital Group LOAN AMOUNT: $42,000,000 LOAN TYPE: Bridge NOTE FROM LENDER: The loan is collateralized by a mixed-use assemblage at 74 Warren Street, 72 Warren Street, 80 West Broadway, and 88 West Broadway, and encompasses a development site, a mixed-use building, and residential condominiums.

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

$42,000,000.00

Monthly NOI$280,000.00
Monthly Debt Service$265,468.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00