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Richard Horowitz Of Cooper Horowitz Secures $210M Loan For Office Building In New York

Property Image
FINANCED
$210,000,000

New York

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Office
Financed 07/11/2018
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Property Image
FINANCED

Richard Horowitz Of Cooper Horowitz Secures $210M Loan For Office Building In New York

273 Madison Ave, New York, NY, 10016

See Similar Deals
Office
Financed 07/11/2018
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Office
Transaction Type:Loan

The property at 273 Madison Ave, New York, NY, 10016, is an office asset in the New York market. The loan for this property was provided on 07/11/2018, by United Labor Life Insurance Company (ULLICO) to the borrower, with Richard Horowitz from Cooper Horowitz representing the borrower in this transaction. The loan amount extended for this office property was $210,000,000.00.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $210,000,000.00
  • Address: 273 Madison Ave, New York, NY, 10016
  • Market: New York
  • Borrower's Rep: Richard Horowitz (Cooper Horowitz)
  • Lender: United Labor Life Insurance Company (ULLICO)

In this deal, Richard Horowitz from Cooper Horowitz acted as the borrower's representative, facilitating the transaction with the lender, United Labor Life Insurance Company (ULLICO). The involvement of these key individuals and companies highlights the collaboration that took place in securing the significant loan amount for the office property located in New York.

Players

Richard Horowitz
Cooper Horowitz
Richard Horowitz
40 deals$2.7B volume
BROKER
United Labor Life Insurance Company (ULLICO)
United Labor Life Insurance Company (ULLICO)
LENDER

Details

FINANCED
IMAGE: 07/11/2018 ADDRESS: 273 Madison Ave, New York, NY, 10016 MARKET: New York ASSET TYPE: Office BORROWER'S REP: Richard Horowitz(Cooper Horowitz) LENDER: United Labor Life Insurance Company (ULLICO) LOAN AMOUNT: $210,000,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$210,000,000.00

Monthly NOI$1,400,000.00
Monthly Debt Service$1,327,342.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00