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Pacific Oak Capital Advisors Secures $56.7M Loan For Manhattan Office Tower
FINANCED
$56,700,000
New York
See Similar DealsOffice
Financed 07/26/2023
FINANCED
Pacific Oak Capital Advisors Secures $56.7M Loan For Manhattan Office Tower
110 William St New York, NY 10038, USA
See Similar DealsOffice
Financed 07/26/2023
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
Pacific Oak Capital Advisors secured a $56.7 million loan from Deutsche Pfandbriefbank AG for their Manhattan office tower located at 110 William St. The office property, situated in the Financial District (FiDi), successfully obtained financing from the lender.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $56,700,000
- Date: 07/26/2023
- Address: 110 William Street
- Market: Manhattan
The loan transaction was facilitated by Deutsche Pfandbriefbank AG, serving as the lender. Pacific Oak Capital Advisors, represented by Keith Hall and Peter Mcmillan, acted as both the landlord and owner of the office tower.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$56,700,000.00
Monthly NOI$378,000.00
Monthly Debt Service$358,382.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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