FINANCEDOffice
Winter Management Secures $140M Loan For Flatiron Office Buildings
109 5th Ave, New York, NY 10003, USA
$140,000,000
Building Size
—
Asset Type
Office
Closing
Jan 21, 2020
About this deal
AI
The property involved in this closed transaction is an office asset located at 109 5th Avenue, 881 Broadway in the Flatiron market. The transaction took place on January 22, 2020.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $140,000,000
- Lender: Lincoln Life & Annuity Company
- Landlord: Winter Management
The lender in this deal was Lincoln Life & Annuity Company. Winter Management served as the landlord. No additional information about the property or individuals involved in the transaction was provided.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93