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40 Exchange Pl, New York, N...

Northwind Group Secures $100M Loan From Capital One Multifamily Finance In New York
FINANCEDOffice

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

Paul Talbot

Newmark

Broker

$597.6M

vol

17 deals

Broker
GFP Real Estate
GFP Real EstateBrokerage
Capital One
Capital OneLender
GFP Real Estate
GFP Real EstateLandlord

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