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Moinian Group Secures $240 Million Refinance Loan From Acore Capital For 250-Unit Tower
FINANCED
$240,000,000
New York
See Similar DealsMultiFamily235,688 SF
Financed 06/01/2026
FINANCED
Moinian Group Secures $240 Million Refinance Loan From Acore Capital For 250-Unit Tower
110 John Street
See Similar DealsMultiFamily235,688 SF
Financed 06/01/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,018
Total Square Footage:235,688 SF
Transaction Type:Loan
The asset involved in this transaction is a 250-unit multifamily residential tower located at 110 John Street in Manhattan's Financial District. The total square footage of the property is 235,688. A refinancing loan of $240 million was closed, which replaces a prior loan of $169 million.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $240,000,000
- Address: 110 John Street
- Market: Financial District
- Lender: Acore Capital
- Landlord: Joseph Moinian - The Moinian Group
- Units: 250
Joseph Moinian, representing The Moinian Group, facilitated the closure of the refinancing transaction through 102–110 John Mazal LLC. This transaction marks a significant financial maneuver in the region, enhancing the capital structure of the asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$240,000,000.00
Monthly NOI$1,600,000.00
Monthly Debt Service$1,516,963.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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