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Tavros Capital's West Chelsea Mixed-Use Property Refinanced For $22M By Webster Bank

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FINANCED
$22,000,000

New York

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MultiFamily
Financed 02/15/2024
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Property Image
FINANCED

Tavros Capital's West Chelsea Mixed-Use Property Refinanced For $22M By Webster Bank

537 West 27th Street

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MultiFamily
Financed 02/15/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The mixed-use property located at 537 West 27th Street in West Chelsea, Manhattan was involved in a loan transaction. The loan amount for the refinance was $22,000,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $22,000,000
  • Address: 537 West 27th Street
  • Market: West Chelsea, Manhattan
  • Lender: Adam Brenner - Webster Bank
  • Landlord: Kamran Hakim, Nicholas Silvers & Sam Sparks - Tavros Capital
  • Brokers: Jonathan Aghravi & Evan Srebrenik - JBA Equities
  • Loan Type: Refinance

The loan transaction was facilitated by the lender, Adam Brenner from Webster Bank, and the landlords, Kamran Hakim, Nicholas Silvers, and Sam Sparks from Tavros Capital. The brokers, Jonathan Aghravi and Evan Srebrenik from JBA Equities, played a key role in the deal.

Players

Jonathan Aghravi
48 deals$1.6B volume(212) 366-0364
BROKER

Evan Srebrenik
JBA Equities
9 deals$118.9M volume(305) 978-2029
BROKER

Webster Bank
LENDER

Details

FINANCED
IMAGE: Jonathan Aghravi, Kamran Hakim & Nicholas Silvers DATE: 02/15/2024 ADDRESS: 537 West 27th Street MARKET: West Chelsea, Manhattan ASSET TYPE: Mixed-use LENDER: Adam Brenner - Webster Bank (@WebsterBank) LANDLORD: Kamran Hakim, Nicholas Silvers & Sam Sparks - Tavros Capital BROKERS: Jonathan Aghravi (@JonnyAghravi) & Evan Srebrenik - JBA Equities (@JBAEquitiesLLC) LOAN AMOUNT: $22,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$22,000,000.00

Monthly NOI$146,666.67
Monthly Debt Service$139,054.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00