The Chetrit Organization Refinances FiDi Office Building At 26 Broadway For $330M With BMO, Starwood & HPS
FINANCED
$330,000,000
New York
See Similar DealsOffice840,000 SF
Financed 02/04/2022
FINANCED
The Chetrit Organization Refinances FiDi Office Building At 26 Broadway For $330M With BMO, Starwood & HPS
26 Broadway, New York City, New York 10004, United States
See Similar DealsOffice840,000 SF
Financed 02/04/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$392
Total Square Footage:840,000 SF
Transaction Type:Loan
Located at 26 Broadway in the Financial District (FiDi), this office property spans 840,000 square feet. The property was recently involved in a refinancing deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $330,000,000
- Lender: BMO, Starwood, and HPS
- Landlord: The Chetrit Organization - Jake Chetrit & Michael Chetrit
- Brokers: Robert Verrone & Anthony D'Amelio - Ironhound Management
The refinancing deal for this property was facilitated by lenders BMO, Starwood, and HPS. The Chetrit Organization, represented by Jake Chetrit and Michael Chetrit, is the landlord. The transaction was brokered by Robert Verrone and Anthony D'Amelio from Ironhound Management.
Players
LENDER
LENDER
LENDER
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$330,000,000.00
Monthly NOI$2,200,000.00
Monthly Debt Service$2,085,824.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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