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Fortress Investment Group Grants $79.6M Refinance Loan For Lower East Side Office Building

Property Image
FINANCED
$79,600,000
Keith Kurland
Adam Schwartz
+ 4

New York

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Office80,000 SF
Financed 03/24/2022
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Property Image
FINANCED

Fortress Investment Group Grants $79.6M Refinance Loan For Lower East Side Office Building

141 East Houston Street, New York City, New York 10002, United States

See Similar Deals
Office80,000 SF
Financed 03/24/2022
Keith Kurland
Adam Schwartz
+ 4
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$995
Total Square Footage:80,000 SF
Transaction Type:Loan

The office building located at 141 E. Houston St. in the Lower East Side has recently undergone a refinancing deal. The property, spanning 80,000 square feet, was the subject of the transaction.

Summary of transation details

The financing was provided by Fortress Investment Group. The landlord of the property, responsible for the refinancing, is East End Capital, represented by Jonathon Yormak & David Peretz. Walker & Dunlop acted as the brokers in the deal, with Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, and Mo Beler facilitating the transaction.

Players

Aaron Appel
190 deals$31.9B volume
BROKER

Jonathan Schwartz
Walker & Dunlop
165 deals$26.9B volume
BROKER

Keith Kurland
Walker & Dunlop
170 deals$29.1B volume
BROKER

Adam Schwartz
Walker & Dunlop
160 deals$25.4B volume(646) 491-8869
BROKER

Mo Beler
Walker & Dunlop
35 deals$6.4B volume
BROKER

Fortress Investment Group
LENDER

Jonathon Yormak
East End Capital
5 deals$566.7M volume
LANDLORD

Details

FINANCED
IMAGE: Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Mo Beler, Michael Diaz, Jonathon Yormak & David Peretz DATE: 03/24/2022 ADDRESS: 141 E. Houston St. MARKET: Lower East Side ASSET TYPE: Office ~ SF: 80,000 LENDER: Fortress Investment Group LANDLORD: East End Capital - Jonathon Yormak & David Peretz BROKERS: Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz & Mo Beler - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $79,600,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$79,600,000.00

Monthly NOI$530,666.67
Monthly Debt Service$503,126.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00