JPMorgan Chase Bank Provides $45M Loan For Office Building At 20 East 71st Street
FINANCED
$45,000,000
New York
See Similar DealsOffice21,239 SF
Financed 07/08/2020
FINANCED
JPMorgan Chase Bank Provides $45M Loan For Office Building At 20 East 71st Street
20 E 71st St, New York, NY 10021, USA
See Similar DealsOffice21,239 SF
Financed 07/08/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$2,118
Total Square Footage:21,239 SF
Transaction Type:Loan
The property involved in this closed transaction is an office located at 20 East 71st Street in Lenox Hill. The asset has a total square footage of 45,190, with 21,239 square feet of rentable space. The deal was completed on 07/08/2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $45,000,000
- Address: 20 East 71st Street
- Market: Lenox Hill
JPMorgan Chase Bank provided the loan for this transaction, with a total loan amount of $45,000,000. The landlord of the property is Sheik Hamad bin Jassim bin Jaber Al-Thani.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,000,000.00
Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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