Invesco Real Estate Provides $125M Refinance Loan For Multifamily Property In Harlem
FINANCED
$125,000,000
New York
See Similar DealsMultiFamily367,273 SF
Financed 01/24/2022
FINANCED
Invesco Real Estate Provides $125M Refinance Loan For Multifamily Property In Harlem
158 East 126th Street, New York City, New York 10035, United States
See Similar DealsMultiFamily367,273 SF
Financed 01/24/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$340
Total Square Footage:367,273 SF
Transaction Type:Loan
The multifamily property located at 158 East 126th Street in Harlem has undergone a refinancing transaction. The property consists of 233 units and is owned by Blumenfeld Development Group, represented by David Blumenfeld. The loan for this transaction was obtained from Invesco Real Estate, with Yorick Starr serving as the lender's representative. The loan amount is $125,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $125,000,000
- Market: Harlem
- Units: 233
The brokers responsible for facilitating this refinancing deal are Drew Fletcher and Matthew Klauer, who are affiliated with Greystone Capital Advisors.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$125,000,000.00
Monthly NOI$833,333.33
Monthly Debt Service$790,085.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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