Northwind Group Secures $100M Loan From Capital One Multifamily Finance In New York
40 Exchange Pl, New York, NY, 10005
$100,000,000
Building Size
—
Asset Type
Office
Closing
May 22, 2018
AI
An Office property located at 40 Exchange Pl, New York, NY, 10005 in the New York market was involved in a loan transaction on 05/22/2018. The loan amount for this transaction was $100,000,000.00, with the borrower being Northwind Group and the lender being Capital One Multifamily Finance.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $100,000,000.00
- Address: 40 Exchange Pl, New York, NY, 10005
- Borrower: Northwind Group
- Lender: Capital One Multifamily Finance
- Borrower's Representative: Paul Talbot (Newmark)
Paul Talbot from Newmark acted as the borrower's representative in this transaction.
Players
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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93