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286 Madison Ave, New York, ...

Jeffries LoanCore Provides $60M Loan For 286 Madison Ave Office In New York
FINANCEDOffice

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:

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

Tal Bar-or

Lantern Real Estate

Broker

$719M

vol

10 deals

Broker
Jeffries LoanCore
Jeffries LoanCoreLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

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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