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110 William St New York, NY...

Pacific Oak Capital Advisors Secures $56.7M Loan For Manhattan Office Tower
FINANCEDOffice

Pacific Oak Capital Advisors Secures $56.7M Loan For Manhattan Office Tower

110 William St New York, NY 10038, USA

$56,700,000

Building Size

Asset Type

Office

Closing

Jul 26, 2023

AI

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.

Players

Deutsche Bank
Deutsche BankLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93