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James D. Ryan III Secures $17.6M Refinance Loan From Webster Bank For 31-Unit Multifamily Property

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FINANCED
$17,600,000

New York

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MultiFamily27,266 SF
Financed 09/12/2025
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Property Image
FINANCED

James D. Ryan III Secures $17.6M Refinance Loan From Webster Bank For 31-Unit Multifamily Property

135 Avenue A

See Similar Deals
MultiFamily27,266 SF
Financed 09/12/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$645
Total Square Footage:27,266 SF
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located at 135 Avenue A in the East Village market of Manhattan. It has a total area of 27,266 square feet and consists of 31 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $17,600,000
  • Lender: Webster Bank
  • Landlord: James D. Ryan III - Ryco Capital
  • Loan Type: Refinance

This refinancing transaction was executed by RYCO Capital, specifically through West Lake 135-139 Avenue A LLC, which replaced a previous loan of $17 million from Derbby Copeland Capital with the new loan obtained from Webster Bank.

Players

LENDER

3 deals$46.3M volume
LANDLORD

Details

FINANCED
IMAGE: James D. Ryan III DATE: 09/12/2025 ADDRESS: 135 Avenue A MARKET: East Village, Manhattan ASSET TYPE: Multifamily ~ SF: 27,266 ~ UNITS: 31 LENDER: Webster Bank (@WebsterBank) LANDLORD: James D. Ryan III - Ryco Capital LOAN AMOUNT: $17,600,000 LOAN TYPE: Refinance NOTE: RYCO Capital, via West Lake 135-139 Avenue A LLC, refinanced the 31-unit East Village building at 135 Avenue A with a $17.6M loan from Webster Bank, replacing a $17M loan from Derbby Copeland Capital.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$17,600,000.00

Monthly NOI$117,333.33
Monthly Debt Service$111,243.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00