WAM Partners Secures $27 Million Refinance Loan From Societe Generale Group For Midtown Multifamily Property
FINANCED
$27,000,000
New York
See Similar DealsMultiFamily122,813 SF
Financed 11/20/2024
FINANCED
WAM Partners Secures $27 Million Refinance Loan From Societe Generale Group For Midtown Multifamily Property
MultiFamily122,813 SF
Financed 11/20/2024
Summary
Asset Type:MultiFamily
Price Per Square Foot:$219
Total Square Footage:122,813 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located in Midtown, encompassing a total square footage of 122,813 with 115 units. The loan amount secured for refinancing the property is $27,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $27,000,000
- Lender: Societe Generale Group
- Borrower: WAM Partners
- Broker: Chesky Klein - Meridian Capital Group
- Transaction Date: 11/20/2024
Chesky Klein, representing Meridian Capital Group, acted as the broker for this refinancing deal, facilitating the transaction between WAM Partners and Societe Generale Group. The involvement of these key players underscores the collaborative efforts in executing this financial arrangement.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,000,000.00
Monthly NOI$180,000.00
Monthly Debt Service$170,658.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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