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198-200 East 135th Street, ...

Meridian Capital Group Arranges $163M Loan For Bronx Multifamily Towers
FINANCEDMultiFamily

Meridian Capital Group Arranges $163M Loan For Bronx Multifamily Towers

198-200 East 135th Street, The Bronx, NY, USA

$163,000,000

Building Size

Asset Type

MultiFamily

Closing

Mar 4, 2021

AI

Two Class-A Multifamily New-Development 25 Story Towers located at 198-200 East 135th Street in the Bronx have been involved in a recent loan transaction. The loan amount for this deal is $163,000,000.

Summary of transaction details

The lender for this transaction was Geoff Smith from Walker & Dunlop. The landlord involved in the deal is Chess Builders, led by Cheskel Schwimmer. The brokers who represented the parties in this transaction were Isaac Filler, Ronnie Levine, and Thomas Wayda from Meridian Capital Group.

Players

Isaac Filler

Filler Capital

Broker

$1.7B

vol

77 deals

Broker
Greystone
GreystoneBrokerage

Cheskel Schwimmer

Chess Builders

Landlord

$605.9M

vol

9 deals

Landlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93