Jeffries LoanCore Provides $60M Loan For 286 Madison Ave Office In New York
286 Madison Ave, New York, NY, 10017
$60,000,000
Building Size
—
Asset Type
Office
Closing
Aug 11, 2016
AI
Located at 286 Madison Ave, New York, NY, 10017, the property involved in the transaction is an office asset. The loan amount for this deal was $60,000,000.00, facilitated by Jeffries LoanCore. The market for this property is in New York, making it a prime location for an office asset.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $60,000,000.00
- Borrower's Representatives: Kyle Kite(), Lauren O’Neil(JLL), Raj Khatiwala(Meridian Capital Group), Tal Bar-or(Lantern Real Estate)
- Lender: Jeffries LoanCore
The individuals involved in this deal were Kyle Kite, Lauren O’Neil from JLL, Raj Khatiwala from Meridian Capital Group, and Tal Bar-or from Lantern Real Estate. These representatives played key roles in securing the $60,000,000.00 loan for the office asset located in New York.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93