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Feil Organization Secures $40 Million Refinancing Loan From Principal Real Estate Investors For Multifamily Property
FINANCED
$40,000,000
New York
See Similar DealsMultiFamily224,000 SF
Financed 05/01/2025
FINANCED
Feil Organization Secures $40 Million Refinancing Loan From Principal Real Estate Investors For Multifamily Property
160 East 84th Street
See Similar DealsMultiFamily224,000 SF
Financed 05/01/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$178
Total Square Footage:224,000 SF
Transaction Type:Loan
The asset involved in this transaction is a 178-unit multifamily residential building located at 160 East 84th Street in Carnegie Hill, Manhattan. The property is characterized by its substantial size of 224,000 square feet and has undergone a refinancing process to secure a new loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $40,000,000
- Address: 160 East 84th Street
- Market: Carnegie Hill, Manhattan
- Lender: Principal Real Estate Investors
- Landlord: Jeffrey Feil - Feil Organization
- Loan Type: Refinance
In this refinancing deal, Jeffrey Feil, representing the Feil Organization, engaged Principal Real Estate Investors to replace prior debt that was secured from Capital One and Fannie Mae. This strategic financial move underscores the management's ongoing commitment to optimizing their asset portfolio.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,000,000.00
Monthly NOI$266,666.67
Monthly Debt Service$252,827.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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