Silverstein Properties Refinances Downtown Manhattan Office Building For $457.5M
FINANCED
$457,500,000
New York
See Similar DealsOffice
Financed 04/08/2022
FINANCED
Silverstein Properties Refinances Downtown Manhattan Office Building For $457.5M
250 Greenwich Street, New York City, New York 10007, United States
See Similar DealsOffice
Financed 04/08/2022
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
Tal Kerret, Roger Silverstein, Larry Silverstein, Lisa Silverstein, Marty Burger, and Cory Silverstein were pictured in a post on Instagram announcing a loan transaction. The loan was used for the property located at 250 Greenwich Street in Downtown Manhattan. The asset type for this property is an office.
Summary of transaction details
- Property Type: Office
- Date: 04/08/2022
- Address: 250 Greenwich Street
- Market: Downtown Manhattan
- Loan Amount: $457,500,000
- Loan Type: Refinance
The landlord for this property is Larry Silverstein from Silverstein Properties. The loan was provided as a refinance for an amount of $457,500,000.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$457,500,000.00
Monthly NOI$3,050,000.00
Monthly Debt Service$2,891,711.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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