David Welsh Of GreenBarn Investment Group Acquires $250 Million Note From Rothesay Life
315 West 33rd Street
$250,000,000
Units
333
Asset Type
Note / Loan
Closing
Sep 24, 2026
About this deal
AI
A $250 million note was involved in the transaction between David Welsh and Rothesay Life, secured by SL Green Realty's 333-unit residential tower located at 315 West 33rd Street in Manhattan's Penn Plaza market.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $250,000,000
- Buyer: David Welsh - GreenBarn Investment Group
- Seller: Rothesay Life
- Address: 315 West 33rd Street
- Market: Penn Plaza, Manhattan
David Welsh represented GreenBarn Investment Group in the acquisition, while Rothesay Life acted as the selling entity in this transaction.
On the Map
$250,000,000
Note / Loan
View full map
Players
New York Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Sale transactions
Loading comparables…
Deal FAQ
Browse New York note / loan sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93