Citigroup Provides $36 Million Refinance Loan For Upper West Side Multifamily Property
FINANCED
$36,000,000
New York
See Similar DealsMultiFamily1 SF
Financed 05/01/2025
FINANCED
Citigroup Provides $36 Million Refinance Loan For Upper West Side Multifamily Property
MultiFamily1 SF
Financed 05/01/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$36,000,000
Total Square Footage:1 SF
Transaction Type:Loan
The transaction involved a multifamily asset located in the Upper West Side. The lending institution for this deal was Citigroup, which provided a refinancing loan amounting to $36,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,000,000
- Lender: Citigroup
- Landlord's Representative: Morris Betesh - Arrow Real Estate Advisors; Jacob Schmuckler & Meir Schlusselberg
- Loan Type: Refinance
- Date: 5/2/2025
The deal saw involvement from Morris Betesh, who represented the landlord through Arrow Real Estate Advisors, alongside Jacob Schmuckler and Meir Schlusselberg, who were also part of the transaction process.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$36,000,000.00
Monthly NOI$240,000.00
Monthly Debt Service$227,544.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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