facebook
Traded Co logo
Submit

Citi Real Estate Funding Provides $30.2M Loan For Multifamily Property In Union Square

Property Image
FINANCED
$30,200,000

New York

See Similar Deals
MultiFamily
Financed 06/21/2020
the dealdetailscomps
Property Image
FINANCED

Citi Real Estate Funding Provides $30.2M Loan For Multifamily Property In Union Square

58 W 14th St, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily
Financed 06/21/2020
the dealdetailscomps

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

A multifamily property located at 58 West 14th St. & 18-20 East 14th St. in the Union Square market has recently undergone a closed transaction. The property, owned by CB Developers, was involved in a loan deal.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $30,200,000
  • Market: Union Square
  • Lender: Citi Real Estate Funding

Citi Real Estate Funding provided a loan of $30,200,000 for the multifamily property at 58 West 14th St. & 18-20 East 14th St. The loan transaction took place on 06/21/2021. CB Developers, the landlord, secured the loan for this property in the Union Square market.

Details

FINANCED
IMAGE: Charles Blaichman DATE: 06/21/2021 ADDRESS: 58 West 14th St. & 18-20 East 14th St. MARKET: Union Square ASSET TYPE: Multifamily LENDER: Citi Real Estate Funding LANDLORD: CB Developers LOAN AMOUNT: $30,200,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$30,200,000.00

Monthly NOI$201,333.33
Monthly Debt Service$190,884.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00