Updated Oct 29, 2024
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
About this deal
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.
The multifamily loan at 118 E 93rd St, New York, NY, 10128 in New York, New York financed for $25M in 2016. 118 E 93rd St, New York, NY, 10128 is classified as Multifamily on Traded. Russell Frahm, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the New York, New York file for the 118 E 93rd St, New York, NY, 10128 multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 118 E 93rd St, New York, NY, 10128 around 2016. Published consideration for 118 E 93rd St, New York, NY, 10128 is $25M, dated 2016. Cite this Crest Realities Secures $25M Loan From Mesa West Capital In New York loan when underwriting similar multifamily product around New York, New York.
On the Map
$25,000,000
MultiFamily
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Players
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