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James D. Ryan III Secures $17.6M Refinance Loan From Webster Bank For 31-Unit Multifamily Property
FINANCED
$17,600,000
New York
See Similar DealsMultiFamily27,266 SF
Financed 09/12/2025
FINANCED
James D. Ryan III Secures $17.6M Refinance Loan From Webster Bank For 31-Unit Multifamily Property
135 Avenue A
See Similar DealsMultiFamily27,266 SF
Financed 09/12/2025
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.
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Deal Type
30 years
10 years
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
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