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Israel Discount Bank Lends $9 Million To 449 Broadway LLC For SoHo Office Property
FINANCED
$9,000,000
New York
See Similar DealsOffice
Financed 12/01/2025
FINANCED
Israel Discount Bank Lends $9 Million To 449 Broadway LLC For SoHo Office Property
449 Broadway
See Similar DealsOffice
Financed 12/01/2025
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
The property involved in this transaction is an office asset located at 449 Broadway in the SoHo market. The loan amount secured for this property is $9,000,000. The owner of the asset is 449 Broadway, LLC, which is part of United American Land.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,000,000
- Lender: Israel Discount Bank
- Landlord: 449 Broadway, LLC
- Address: 449 Broadway
- Market: SoHo
The financing transaction was facilitated by Israel Discount Bank of New York, which issued the mortgage to the landlord, 449 Broadway, LLC. This deal reflects the engagement between the lender and the owner regarding the office and retail space at the specified address.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,000,000.00
Monthly NOI$60,000.00
Monthly Debt Service$56,886.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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