Shorewood Real Estate Group Secures $66 Million Loan In New York
FINANCED
$66,000,000
New York
See Similar DealsOffice
Financed 09/15/2016
FINANCED
Shorewood Real Estate Group Secures $66 Million Loan In New York
17 John St, New York, NY, 10038
See Similar DealsOffice
Financed 09/15/2016
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
The property asset involved in this transaction is located at 17 John St, New York, NY, 10038. It is categorized as an office space. The total loan amount associated with this property is $66,000,000.00 within the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $66,000,000.00
- Borrower's Representative: Max Herzog - Institutional Property Advisors
- Borrower: Shorewood Real Estate Group
- Lender: Acore Capital
- Loan Date: 09/15/2016
Key individuals involved in this transaction include Max Herzog, who represents the borrower, Shorewood Real Estate Group, while the lender for this deal is Acore Capital. The transaction was executed on September 15, 2016, marking a significant deal within the New York office market.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$66,000,000.00
Monthly NOI$440,000.00
Monthly Debt Service$417,164.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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