Daily limit: 0/10
Stellar Management Secures $80M Refinance Loan From Lone Star Funds For Office Asset In NYC
FINANCED
$80,000,000
New York
See Similar DealsOffice
Financed 02/26/2025
FINANCED
Stellar Management Secures $80M Refinance Loan From Lone Star Funds For Office Asset In NYC
218 5th Avenue
See Similar DealsOffice
Financed 02/26/2025
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
An office asset located at 218 5th Avenue in New York City was involved in a loan transaction. The loan amount is set at $80,000,000.00, and it serves as a refinance for the property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $80,000,000.00
- Loan Type: Refinance
- Lender: Lone Star Funds
- Landlord: Stellar Management
- Date of Transaction: 02/26/2025
- Market: New York City
Lone Star Funds acted as the lender for the transaction, while Stellar Management is noted as the landlord associated with the property. The refinance highlights the involvement of these key players in the office market of New York City.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$80,000,000.00
Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions