Webster Bank Provides $76 Million Construction Loan To Fieldstone Capital & Aegis Asset Management
FINANCED
$76,000,000
New York
See Similar DealsMixed-use
Financed
FINANCED
Webster Bank Provides $76 Million Construction Loan To Fieldstone Capital & Aegis Asset Management
2 Wall Street
See Similar DealsMixed-use
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The property asset involved in this transaction is a mixed-use building located at 2 Wall Street in the Financial District. The transaction includes a construction loan with a total amount of $76,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $76,000,000
- Lender: Webster Bank
- Landlord: Fieldstone Capital & Aegis Asset Management
- Landlord's Representatives: Dave Carswell & Jack Phillips - Largo Real Estate Advisors & Lee & Associates
- Loan Type: Construction
Key individuals and companies behind this transaction include the landlord representatives, Dave Carswell and Jack Phillips, who are associated with Largo Real Estate Advisors and Lee & Associates. Their representation plays a crucial role in facilitating the agreement between the involved parties.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$76,000,000.00
Monthly NOI$506,666.67
Monthly Debt Service$480,371.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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