Oceanview Life & Annuity Company Funds $88.9 Million Refinance Loan For Mixed-use Portfolio In Soho
FINANCED
$88,900,000
+ 1
New York
See Similar DealsMixed-use1 SF
Financed 11/12/2024
FINANCED
Oceanview Life & Annuity Company Funds $88.9 Million Refinance Loan For Mixed-use Portfolio In Soho
Mixed-use1 SF
Financed 11/12/2024
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$88,900,000
Total Square Footage:1 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$88,900,000.00
Monthly NOI$592,666.67
Monthly Debt Service$561,908.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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