Oceanview Life & Annuity Company Funds $88.9 Million Refinance Loan For Mixed-use Portfolio In Soho
$88,900,000
$88,900,000/SF
Building Size
1 SF
Asset Type
Mixed-use
Closing
Nov 12, 2024
AI
The property asset involved in this transaction is a mixed-use portfolio located in the Soho market. The loan amount secured for this property is $88,900,000, and it is categorized as a refinance loan.
Summary of transaction details:
- Property Type: Mixed-use Portfolio
- Transaction Amount: $88,900,000
- Lender: Oceanview Life & Annuity Company- Bayview Commercial Mortgage Finance
- Brokers: Edward Petti, Andres Leon, & Lexi Koerber - CBRE; Nicholas Barone
- Loan Type: Refinance
- Date: 11/12/2024
This transaction involved key players such as Edward Petti, Nicholas Barone, Andres Leon, and Lexi Koerber, representing CBRE and other parties. They played a significant role in facilitating the refinance for the mixed-use portfolio in Soho.
Players
Market 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93