Tavros Capital's West Chelsea Mixed-Use Property Refinanced For $22M By Webster Bank
FINANCED
New York
See Similar DealsMultiFamily
Financed 02/15/2024
FINANCED
Tavros Capital's West Chelsea Mixed-Use Property Refinanced For $22M By Webster Bank
537 West 27th Street
See Similar DealsMultiFamily
Financed 02/15/2024
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
LENDER
Details
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Deal Type
30 years
10 years
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
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