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Farallon Capital Management And Hal Fetner Refinanced Yorkville Multifamily With $46.4M Loan From Trimont
FINANCED
$46,400,000
New York
See Similar DealsMultiFamily169,386 SF
Financed
FINANCED
Farallon Capital Management And Hal Fetner Refinanced Yorkville Multifamily With $46.4M Loan From Trimont
85 East End Avenue
See Similar DealsMultiFamily169,386 SF
Financed
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$273
Total Square Footage:169386 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily residential building located at 85 East End Avenue in the Yorkville neighborhood of Manhattan. The property encompasses a total square footage of 169,386 and consists of 155 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $46,400,000
- Lender: Bill Sexton - Trimont
- Landlord: Farallon Capital Management & Hal Fetner - Fetner Properties
- Loan Type: Refinance
This financing deal was orchestrated by Farallon Capital Management and Fetner Properties, who sought to replace prior debt from Brookfield. Bill Sexton represented Trimont in providing the $46.4 million loan for the refinancing effort.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$46,400,000.00
Monthly NOI$309,333.33
Monthly Debt Service$293,279.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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