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Capstone Equities Secures $70 Million Acquisition Loan From Corebridge Financial For 141 Willoughby Street
FINANCED
$70,000,000
New York
See Similar DealsOffice343,701 SF
Financed 07/25/2025
FINANCED
Capstone Equities Secures $70 Million Acquisition Loan From Corebridge Financial For 141 Willoughby Street
141 Willoughby Street
See Similar DealsOffice343,701 SF
Financed 07/25/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$203
Total Square Footage:343,701 SF
Transaction Type:Loan
141 Willoughby Street is an office asset located in Downtown Brooklyn, comprising 343,701 square feet. The property was involved in a loan transaction amounting to $70,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $70,000,000
- Lender: Kevin Hogan - Corebridge Financial
- Landlord: Joshua Zamir - Capstone Equities
- Loan Type: Acquisition
- Market: Downtown Brooklyn
Capstone Equities and BH3 Management secured a $70 million acquisition loan from Corebridge Financial, indicating a strategic move in enhancing their portfolio in the Downtown Brooklyn area.
Players
LENDER
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$70,000,000.00
Monthly NOI$466,666.67
Monthly Debt Service$442,447.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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