$46M Loan Closed On MultiFamily Property In New York City
FINANCED
$46,000,000
New York
See Similar DealsMultiFamily
Financed 06/22/2021
FINANCED
$46M Loan Closed On MultiFamily Property In New York City
215 W 84th St, New York, NY, 10024
See Similar DealsMultiFamily
Financed 06/22/2021
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The property at 215 W 84th St, New York, NY, 10024, is a MultiFamily asset located in the New York market. The loan secured for this property amounted to $46,000,000.00. The borrower's representatives in this transaction were Max Herzog from Institutional Property Advisors and Scott Aiese from JLL. The lending institution involved was an Unknown Correspondent life insurance company.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $46,000,000.00
- Address: 215 W 84th St, New York, NY, 10024
- Market: New York
Max Herzog, representing Institutional Property Advisors, and Scott Aiese, from JLL, played a crucial role in facilitating this transaction. The lender involved in this deal was an Unknown Correspondent life insurance company, underscoring the complexity and varying financial sources in property transactions.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$46,000,000.00
Monthly NOI$306,666.67
Monthly Debt Service$290,751.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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