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Valley National Bank Provides $20M Loan For Multifamily Property At 135 William Street In Financial District

Property Image
FINANCED
$20,000,000
Matt Fagella
Max Herzog
Marko Kazanjian

New York

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MultiFamily76,988 SF
Financed 03/31/2021
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Property Image
FINANCED

Valley National Bank Provides $20M Loan For Multifamily Property At 135 William Street In Financial District

135 William Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily76,988 SF
Financed 03/31/2021
Matt Fagella
Max Herzog
Marko Kazanjian
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$259
Total Square Footage:76,988 SF
Transaction Type:Loan

The multifamily property located at 135 William Street in the Financial District has recently undergone a $20,000,000 5-year permanent refinance loan. The loan was provided by Valley National Bank to the landlord, Metroloft.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $20,000,000
  • Address: 135 William Street
  • Market: Financial District

The deal was facilitated by Max Herzog, Marko Kazanjian, and Matt Fagella of Max Herzog, Marko Kazanjian, and Matt Fagella LL. The brokers played a crucial role in ensuring a smooth transaction for all parties involved.

Players

Marko Kazanjian
Institutional Property Advisors
Marko Kazanjian
71 deals$5.4B volume
BROKER
Matt Fagella
JLL
Matt Fagella
11 deals$525.5M volume
BROKER
Max Herzog
Institutional Property Advisors
Max Herzog
80 deals$5.4B volume(212) 430-5165
BROKER
Valley National Bank
Valley National Bank
LENDER
M
Metroloft
LANDLORD

Details

FINANCED
IMAGE: Matt Fagella, Max Herzog & Marko Kazanjian DATE: 03/31/2021 ADDRESS: 135 William Street MARKET: Financial District ASSET TYPE: Multifamily LENDER: Valley National Bank LANDLORD: Metroloft BROKERS: Max Herzog, Marko Kazanjian & Matt Fagella - @JLL AMOUNT: $20,000,000 TERM: 5-year permanent refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,000,000.00

Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00