Mesa West Capital Provides $404M Loan For Office Property At 32 Old Slip In New York City
FINANCED
$404,000,000
+ 1
New York
See Similar DealsOffice1,161,435 SF
Financed 04/12/2019
FINANCED
Mesa West Capital Provides $404M Loan For Office Property At 32 Old Slip In New York City
32 Old Slip, New York, NY 10005, USA
See Similar DealsOffice1,161,435 SF
Financed 04/12/2019
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$347
Total Square Footage:1,161,435 SF
Transaction Type:Loan
The property involved in the transaction is an office located at 32 Old Slip. The loan amount for this transaction is $404 million, with a square footage of 1,161,435. The lender for this loan is Mesa West Capital, and the landlord is RXR Realty.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $404 million
- Square Footage: 1,161,435
- Lender: Mesa West Capital
- Landlord: RXR Realty
- Brokers: NewmarkKF Capital Markets - Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, and Dylan Kane
The key individuals and companies involved in this deal are Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, and Dylan Kane from NewmarkKF Capital Markets. They represented the parties in this transaction, ensuring its successful completion.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$404,000,000.00
Monthly NOI$2,693,333.33
Monthly Debt Service$2,553,554.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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