Bank Of Hope Provides $8M Loan For Office Property In Grand Central
FINANCED
$8,000,000
New York
See Similar DealsOffice14,835 SF
Financed 07/29/2022
FINANCED
Bank Of Hope Provides $8M Loan For Office Property In Grand Central
4 East 46th Street, New York City, New York 10017, United States
See Similar DealsOffice14,835 SF
Financed 07/29/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$539
Total Square Footage:14,835 SF
Transaction Type:Loan
The property asset involved in this transaction is an office space located at 4 East 46th Street in the Grand Central market. The office space has a total area of 14,835 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,000,000
- Address: 4 East 46th Street
- Market: Grand Central
- Lender: Bank of Hope
- Landlord: APSEC Holdings - James Kim
The lender involved in this transaction is Bank of Hope, providing a loan amount of $8,000,000. The landlord of the office space is APSEC Holdings, represented by James Kim.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,000,000.00
Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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