Paul Talbot Of Newmark Secures $60M Loan From Apple Bank At 190 Varick St, New York
FINANCED
$60,000,000
New York
See Similar DealsOffice
Financed 05/24/2022
FINANCED
Paul Talbot Of Newmark Secures $60M Loan From Apple Bank At 190 Varick St, New York
190 Varick St, New York, NY, 10014
See Similar DealsOffice
Financed 05/24/2022
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
The office property located at 190 Varick St, New York, NY, 10014, was involved in a recent loan transaction. The loan amount for this asset was $60,000,000.00. The borrower's representative in this deal was Paul Talbot from Newmark. The lender for this transaction was Apple Bank. The property falls under the office asset type and is situated in the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $60,000,000.00
- Address: 190 Varick St, New York, NY, 10014
- Market: New York
- Borrower's Rep: Paul Talbot (Newmark)
- Lender: Apple Bank
Paul Talbot from Newmark served as the borrower's representative in this transaction, while Apple Bank acted as the lender. The deal involving the office property at 190 Varick St in New York was facilitated by these key individuals and companies.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$60,000,000.00
Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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