Goldman Sachs, Bank Of Montreal, And Deutsche Bank Provide $900M Loan For SoHo Office Buildings
FINANCED
$900,000,000
+ 3
New York
See Similar DealsOffice
Financed 06/20/2020
FINANCED
Goldman Sachs, Bank Of Montreal, And Deutsche Bank Provide $900M Loan For SoHo Office Buildings
233 Spring Street, New York, NY, USA
See Similar DealsOffice
Financed 06/20/2020
+ 3
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
Two properties located at 233 Spring Street and 161 Sixth Avenue in SoHo have secured a loan amount of $900,000,000. The loan was provided by Goldman Sachs, Bank of Montreal, and Deutsche Bank. The assets in question are office spaces and are owned by Stellar Management.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $900,000,000
- Lender: Goldman Sachs, Bank of Montreal & Deutsche Bank
- Landlord: Stellar Management
The loan transaction was facilitated by brokers Alexander Hernandez, Alex Lapidus, Meredith Donovan, Steve Kohn, Gideon Gil, and Adam Spies from CushWake.
Players
LENDER
LENDER
LENDER
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$900,000,000.00
Monthly NOI$6,000,000.00
Monthly Debt Service$5,688,612.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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