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Oceanview Life & Annuity Co...

Oceanview Life & Annuity Company Funds $88.9 Million Refinance Loan For Mixed-use Portfolio In Soho
FINANCEDMixed-use

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:

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

Edward Petti

CBRE

Broker

$113.1M

vol

2 deals

Broker
Oceanview Life and Annuity
Oceanview Life and AnnuityLender

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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