Wells Fargo Provides $90M Construction Loan For 1841-1845 Broadway Office Building
FINANCED
$90,000,000
New York
See Similar DealsOffice129,090 SF
Financed 06/09/2022
FINANCED
Wells Fargo Provides $90M Construction Loan For 1841-1845 Broadway Office Building
1841-1845 Broadway, New York City, New York 10023, United States
See Similar DealsOffice129,090 SF
Financed 06/09/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$697
Total Square Footage:129,090 SF
Transaction Type:Loan
The property asset involved in this closed transaction is an office building located at 1841-1845 Broadway in Lincoln Square. The building has a total area of 129,090 square feet and consists of 123 units. The transaction took place on 06/09/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $90,000,000
- Address: 1841-1845 Broadway, Lincoln Square
- Market: Lincoln Square
- Lender: Wells Fargo
- Landlord: Global Holdings Management Group
The loan amount for this transaction was $90,000,000, and the loan type was construction. Global Holdings Management Group served as the landlord in this deal, while Wells Fargo provided the loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$90,000,000.00
Monthly NOI$600,000.00
Monthly Debt Service$568,861.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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