Matthew Lembo Of Stellar Management Refinances Multifamily Property With $80.5M Loan
FINANCED
$80,500,000
New York
See Similar DealsMultiFamily
Financed 04/16/2024
FINANCED
Matthew Lembo Of Stellar Management Refinances Multifamily Property With $80.5M Loan
50 West 93rd Street & 70 West 93rd Street
See Similar DealsMultiFamily
Financed 04/16/2024
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 50-70 West 93rd Street in the Upper West Side features 322 units. The property was refinanced for a loan amount of $80,500,000 by Jason Deck from Helaba, with Matthew Lembo from Stellar Management as the landlord.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $80,500,000
- Address: 50-70 West 93rd Street
- Market: Upper West Side
- Units: 322
- Lender: Jason Deck - Helaba
- Landlord: Matthew Lembo - Stellar Management
The key individuals involved in this transaction are Matthew Lembo representing Stellar Management as the landlord and Jason Deck as the lender from Helaba.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$80,500,000.00
Monthly NOI$536,666.67
Monthly Debt Service$508,814.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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