Jeffries LoanCore Provides $60M Loan For 286 Madison Ave Office In New York
FINANCED
$60,000,000
+ 1
New York
See Similar DealsOffice
Financed 08/11/2016
FINANCED
Jeffries LoanCore Provides $60M Loan For 286 Madison Ave Office In New York
286 Madison Ave, New York, NY, 10017
See Similar DealsOffice
Financed 08/11/2016
+ 1
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$60,000,000.00
Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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