Stellar Management Secures $80M Refinance Loan From Lone Star Funds For Office Asset In NYC
218 5th Avenue
$80,000,000
Building Size
—
Asset Type
Office
Closing
Feb 26, 2025
About this deal
AI
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.
On the Map
$80,000,000
Office
View full map
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Browse Brooklyn office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93