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

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

$105,000,000

Building Size

Asset Type

MultiFamily

Closing

Aug 14, 2025

AI

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

Institutional Property Advisors

Broker

$5.4B

vol

71 deals

Broker
Institutional Property Advisors
Institutional Property AdvisorsBrokerage

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93