Goldman Sachs, Deutsche Bank & Citibank Provide $1.17B Refinance Loan For Manhattan Office Properties
FINANCED
$1,170,000,000
New York
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Financed 03/30/2022
FINANCED
Goldman Sachs, Deutsche Bank & Citibank Provide $1.17B Refinance Loan For Manhattan Office Properties
229 West 43rd Street, New York City, New York 10036, United States
See Similar DealsOffice
Financed 03/30/2022
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
The property involved in this transaction is located at 229 West 43rd Street, 245 West 17th Street, 249 West 17th Street, 315 Park Avenue South, and 147 Madison Avenue in Manhattan. The asset type is an office building.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,170,000,000
- Market: Manhattan
- Lender: Goldman Sachs, Deutsche Bank, and citibank''>Citibank
- Landlord: PIMCO
- Loan Type: Refinance
Goldman Sachs, Deutsche Bank, and Citibank provided the loan for this transaction, amounting to $1,170,000,000. The loan type is a refinance. PIMCO is the landlord of the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,170,000,000.00
Monthly NOI$7,800,000.00
Monthly Debt Service$7,395,195.87
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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