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Glenwood Management Secures $231 Million Refinance Loan From NYS Housing Finance Agency In New York City
New York
See Similar DealsMultiFamily461,229 SF
Leased 03/13/2025
Glenwood Management Secures $231 Million Refinance Loan From NYS Housing Finance Agency In New York City
160 West 62nd Street
See Similar DealsMultiFamily461,229 SF
Leased 03/13/2025
Summary
NEW YORK
Asset Type:MultiFamily
Total Square Footage:461,229 SF
The asset involved in this transaction is a Multifamily property located at 160 West 62nd Street in New York City. The refinancing loan amounted to $231,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $231,000,000.00
- Loan Type: Refinance
- Lender: NYS Housing Finance Agency
- Landlord: Glenwood Management
- Loan Date: 03/13/2025
The transaction was primarily facilitated by NYS Housing Finance Agency as the lender, and Glenwood Management acts as the landlord for the property. The deal reflects the financial dynamics within the New York City real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)-$17,520,925.61
Cash-on-Cash Return0.00%
Monthly Debt Service$1,460,077.13
Annual Debt Service$17,520,925.61
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