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Witkoff Group Secures $301.6 Million Loan From Wells Fargo For 233 Broadway Office In NYC
FINANCED
$301,600,000
New York
See Similar DealsOffice
Financed 03/24/2025
FINANCED
Witkoff Group Secures $301.6 Million Loan From Wells Fargo For 233 Broadway Office In NYC
233 Broadway
See Similar DealsOffice
Financed 03/24/2025
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
The asset involved in this transaction is an office property located at 233 Broadway in New York City. The loan amount secured for this property is $301,600,000.00, facilitated by the lender Wells Fargo. The landlord associated with this asset is Witkoff Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $301,600,000.00
- Address: 233 Broadway
- Market: New York City
- Lender: Wells Fargo
- Landlord: Witkoff Group
This transaction involves key individuals and entities, with Wells Fargo providing the financing necessary to support the acquisition of the property. The landlord, Witkoff Group, plays a significant role in managing the property. The transaction is set within the dynamic market of New York City, indicating the strategic importance of this location for office assets.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$301,600,000.00
Monthly NOI$2,010,666.67
Monthly Debt Service$1,906,317.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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