Meridian Capital Group Assists With $50.95M Loan Modification For 1133 Broadway Office/Retail
FINANCED
$50,950,000
New York
See Similar DealsOffice175,000 SF
Financed 01/01/2023
FINANCED
Meridian Capital Group Assists With $50.95M Loan Modification For 1133 Broadway Office/Retail
1133 Broadway
See Similar DealsOffice175,000 SF
Financed 01/01/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$291
Total Square Footage:175,000 SF
Transaction Type:Loan
The property involved in this transaction is an office/retail asset located at 1133 Broadway in New York. It spans across 175,000 square feet and consists of 247 units. The landlord of the property is Kew Management Corp.
Summary of transaction details
- Property Type: Office/Retail
- Transaction Amount: $50,950,000
- Loan Type: Modification
- Loan Terms: 5 Years | 2 Years I/O | 5.50% | Step-down PPP
Asher Haft, Allan Lieberman, and Jacob Kaufman from the Meridian Capital Group represented the brokers in this deal.
There is no additional information available regarding this transaction.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$50,950,000.00
Monthly NOI$339,666.67
Monthly Debt Service$322,038.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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