Landesbank Baden-Wurttemberg Provides $105M Refinance Loan For Office Property In Penn Plaza Manhattan
FINANCED
$105,000,000
New York
See Similar DealsOffice286,520 SF
Financed 02/14/2023
FINANCED
Landesbank Baden-Wurttemberg Provides $105M Refinance Loan For Office Property In Penn Plaza Manhattan
333 West 34th Street
See Similar DealsOffice286,520 SF
Financed 02/14/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$366
Total Square Footage:286,520 SF
Transaction Type:Loan
A loan has been secured for the property located at 333 West 34th Street in Penn Plaza, Manhattan. This office space spans a total of 286,520 square feet.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $105,000,000
- Market: Penn Plaza, Manhattan
- Lender: Landesbank Baden-Wurttemberg - Lisa Komm & Kevin Silberman
- Landlord: Brookfied Properties - Sabrina Khabie
The loan, obtained on February 14, 2023, was for the purpose of refinancing the property. Landesbank Baden-Wurttemberg, represented by Lisa Komm and Kevin Silberman, served as the lender in this transaction. The property is owned by Brookfield Properties, with Sabrina Khabie acting as the landlord
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$105,000,000.00
Monthly NOI$700,000.00
Monthly Debt Service$663,671.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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