First Republic Bank Provides $18M Refinance Loan For Office Building At 101 East 106th Street In New York
FINANCED
$18,000,000
New York
See Similar DealsOffice213,000 SF
Financed 03/29/2022
FINANCED
First Republic Bank Provides $18M Refinance Loan For Office Building At 101 East 106th Street In New York
101 East 106th Street, New York City, New York 10029, United States
See Similar DealsOffice213,000 SF
Financed 03/29/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$84
Total Square Footage:213,000 SF
Transaction Type:Loan
The property asset involved in this closed transaction is an office located at 101 East 106th Street in New York. The property spans a total of 213,000 square feet and comprises 4 units. The deal was closed on 03/29/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $18,000,000
- Address: 101 East 106th Street
- Market: New York
- Square Footage: 213,000
- Units: 4
The lender for this transaction was First Republic Bank. The loan amount for the refinance was $18,000,000. The loan terms include a 10-year duration with an interest rate of 3.40%. The loan is structured as interest-only.
The brokers representing the deal were Elliott Birnbaum, Kerry Brick, and Bryan Brunell from Meridian Capital Group.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,000,000.00
Monthly NOI$120,000.00
Monthly Debt Service$113,772.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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