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Starwood Property Trust Provides $104.41M Loan For Upper East Side Condominium Development

Property Image
FINANCED
$105,000,000
Andrew Cohen
Max Herzog
+ 1

New York

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MultiFamily
Financed 08/14/2025
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Property Image
FINANCED

Starwood Property Trust Provides $104.41M Loan For Upper East Side Condominium Development

MultiFamily
Financed 08/14/2025
Andrew Cohen
Max Herzog
+ 1
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in the context is a condominium development located in the Upper East Side market. The loan amount for this development was $104,410,551, and it is categorized under condo inventory financing.

Summary of transaction details:

  • Property Type: Condominium Development
  • Transaction Amount: $104,410,551
  • Lender: Starwood Property Trust
  • Lender's Representatives: Tom Cosenza, James Tria, Jonah Jurick & Erik Kolar Jr
  • Advisors: Max Hulsh, Max Herzog, Marko Kazanjian & Andrew Cohen - Institutional Property Advisors

The transaction involved several key individuals representing various facets of the deal. The lender was Starwood Property Trust, with representatives including Tom Cosenza, James Tria, Jonah Jurick, and Erik Kolar Jr. Meanwhile, the advising team comprised Max Hulsh, Max Herzog, Marko Kazanjian, and Andrew Cohen from Institutional Property Advisors.

Players

Marko Kazanjian
71 deals$5.4B volume
BROKER

Max Herzog
Institutional Property Advisors
80 deals$5.4B volume(212) 430-5165
BROKER

Andrew Cohen
Institutional Property Advisors
43 deals$3B volume
BROKER

Maxwell (Max) Hulsh
Institutional Property Advisors
32 deals$2.8B volume(646) 549-3692
BROKER

Institutional Property Advisors
BROKERAGE





Details

FINANCED
IMAGE: Max Herzog, Max Hulsh, Marko Kazanjian & Andrew Cohen DATE: 8/15/2025 MARKET: Upper East Side ASSET TYPE: Condominium Development LENDER: Starwood Property Trust - Tom Cosenza, James Tria, Jonah Jurick & Erik Kolar Jr ADVISORS: Max Hulsh (@MaxHulsh), Max Herzog, Marko Kazanjian (@MarkoKaz) & Andrew Cohen (@The_Andrew_Cohen) - Institutional Property Advisors LOAN AMOUNT: $104,410,551 LOAN TYPE: Condo Inventory

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$105,000,000.00

Monthly NOI$700,000.00
Monthly Debt Service$663,671.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00