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118 E 93rd St, New York, NY...

Crest Realities Secures $25M Loan From Mesa West Capital In New York
FINANCEDMultiFamily

Crest Realities Secures $25M Loan From Mesa West Capital In New York

118 E 93rd St, New York, NY, 10128

$25,000,000

Building Size

Asset Type

MultiFamily

Closing

Jul 28, 2016

AI

The property at 118 E 93rd St, New York, NY, 10128 is a MultiFamily asset. The loan amount secured for this property was $25,000,000.00 in a transaction that took place on July 28, 2016 in New York.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $25,000,000.00

Ronnie Levine from Meridian Capital Group served as the borrower's representative for Crest Realities in this transaction. Mesa West Capital provided the loan for the property.

Players

Russell Frahm

Mesa West Capital

Broker

$377.8M

vol

6 deals

Broker
Mesa West Capital
Mesa West CapitalLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93