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First Republic Bank Provides $8.5M Refinance Loan To G&D Properties In Upper East Side And Upper West Side

Property Image
FINANCED
$8,500,000
Timothy "Tim" Cox
Eli Terry
Jonathan Aghravi

New York

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MultiFamily44,326 SF
Financed 06/16/2022
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Property Image
FINANCED

First Republic Bank Provides $8.5M Refinance Loan To G&D Properties In Upper East Side And Upper West Side

416 East 71st Street, New York City, New York 10021, United States

See Similar Deals
MultiFamily44,326 SF
Financed 06/16/2022
Timothy "Tim" Cox
Eli Terry
Jonathan Aghravi
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$191
Total Square Footage:44,326 SF
Transaction Type:Loan

A multifamily property located at 416 E 71st St. & 327 E. 108th St in the Upper East Side and Upper West Side neighborhoods of Manhattan has recently undergone a loan transaction. The property spans approximately 44,326 square feet, and it is owned by G&D Properties.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,500,000
  • Loan Type: Refinance
  • Loan Terms: 10-year term @ 4.2% Partial Interest Only

First Republic Bank provided a loan of $8,500,000 for the property's refinancing. The loan has a 10-year term at an interest rate of 4.2%, with partial interest-only payments. The brokers involved in this deal were Jonathan Aghravi, Tim Cox, and Eli Terry from JBA Equities LLC.

Players

Jonathan Aghravi
JBA Equities
Jonathan Aghravi
48 deals$1.6B volume(212) 366-0364
BROKER
Eli Terry
JBA Equities
Eli Terry
18 deals$368.2M volume
BROKER
Timothy "Tim" Cox
JBA Equities
Timothy Cox
15 deals$456M volume
BROKER
First Republic Bank
First Republic Bank
LENDER
GP
G&D Properties
LANDLORD

Details

FINANCED
IMAGE: Jonathan Aghravi, Tim Cox & Eli Terry DATE: 06/16/2022 ADDRESS: 416 E 71st St. & 327 E. 108th St MARKET: Upper East Side, Upper West Side, Manhattan ASSET TYPE: Multifamily ~ SF: 44,326 LENDER: First Republic Bank (@FirstRepublic) LANDLORD: G&D Properties BROKERS: Jonathan Aghravi (@JonnyAghravi), Tim Cox (@TimmyCox22) & Eli Terry (@Mc_Eyt) - JBA Equities LLC (@JBAEquitiesLLC) LOAN AMOUNT: $8,500,000 LOAN TYPE: Refinance LOAN TERMS: 10-year term @ 4.2% Partial Interest Only

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,500,000.00

Monthly NOI$56,666.67
Monthly Debt Service$53,725.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00