Sapir Organization Secures $326M Loan For Madison Avenue Office Buildings
FINANCED
$326,000,000
New York
See Similar DealsOffice
Financed 12/13/2022
FINANCED
Sapir Organization Secures $326M Loan For Madison Avenue Office Buildings
260 Madison Ave New York, NY 10016, USA
See Similar DealsOffice
Financed 12/13/2022
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
The asset involved in this transaction is an office property located at 260 & 261 Madison Avenue in New York. The loan amount secured for this property is $326,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $326,000,000
- Lender: JPMorgan Chase & Co and Mack Real Estate Group
- Landlord: Sapir Organization
The key individuals and companies in this transaction include Alex Sapir, representing the landlord, and the lending parties, JPMorgan Chase & Co along with Mack Real Estate Group, who provided the financing for this office property deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$326,000,000.00
Monthly NOI$2,173,333.33
Monthly Debt Service$2,060,541.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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