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Deutsche Bank Provides $241M Loan For Times Square Office Building

Property Image
FINANCED
$241,000,000
Kenneth "Ken" Ziebelman
Ethan Pond
+ 1

New York

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Office21,711 SF
Financed 08/20/2020
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Property Image
FINANCED

Deutsche Bank Provides $241M Loan For Times Square Office Building

10 Times Square, New York, NY, USA

See Similar Deals
Office21,711 SF
Financed 08/20/2020
Kenneth "Ken" Ziebelman
Ethan Pond
+ 1
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$11,100
Total Square Footage:21,711 SF
Transaction Type:Loan

The property involved in this closed transaction is an office located at 10 Times Square, also known as 1441 Broadway, in the Times Square market. The loan for this transaction was provided by Deutsche Bank, represented by Peter Castro. The landlord of the property is L.H. Charney Associates. The brokers involved in this deal were Ethan Pond, Kenneth Ziebelman, and Matthew Venter, represented by astdilSecured. The loan amount for this transaction was $241,000,000.

Summary of Transaction Details:

This transaction involved key individuals and companies, including the lender Deutsche Bank, represented by Peter Castro. The landlord of the property is L.H. Charney Associates. The deal was facilitated by brokers Ethan Pond, Kenneth Ziebelman, and Matthew Venter, who are affiliated with astdilSecured.

Players

Ethan Pond
28 deals$13.3B volume
BROKER

Kenneth "Ken" Ziebelman
Eastdil Secured
5 deals$2B volume
BROKER

Matthew Venter
Eastdil Secured
1 deal$241M volume
BROKER

Deutsche Bank
LENDER

Details

FINANCED
IMAGE: 08/20/2021 ADDRESS: 10 Times Square AKA 1441 Broadway MARKET: Times Square ASSET TYPE: Office LENDER: Deutsche Bank - Peter Castro LANDLORD: L.H. Charney Associates BROKERS: Ethan Pond, Kenneth Ziebelman & Matthew Venter - @EastdilSecured LOAN AMOUNT: $241,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$241,000,000.00

Monthly NOI$1,606,666.67
Monthly Debt Service$1,523,283.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00