Christian Sewing Of Deutsche Bank Provides $61M Loan For Office Acquisition At 5 Hanover Square
FINANCED
New York
See Similar DealsMultiFamily
Financed 07/02/2025
FINANCED
Christian Sewing Of Deutsche Bank Provides $61M Loan For Office Acquisition At 5 Hanover Square
5 Hanover Square
See Similar DealsMultiFamily
Financed 07/02/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The property asset involved in this transaction is an office located at 5 Hanover Square in the Manhattan market. The acquisition loan is valued at $61,000,000, facilitating the purchase of this asset.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $61,000,000
- Lender: Christian Sewing - Deutsche Bank & 99c
- Broker Representatives: Morris Betesh, Morris Dabbah, Israel Mermelstein & Louis Halperin - Arrow Real Estate Advisors
- Loan Type: Acquisition
The transaction features key individuals including Christian Sewing from Deutsche Bank, who arranged the financing, and the team of brokers from Arrow Real Estate Advisors comprising Morris Betesh, Morris Dabbah, Israel Mermelstein, and Louis Halperin, who facilitated the deal.
Players
BROKERAGE
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$61,000,000.00
Monthly NOI$406,666.67
Monthly Debt Service$385,561.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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