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Catherine Nelson Brown Secures $8M Refinance Loan For Park Avenue South Office
FINANCED
$8,000,000
New York
See Similar DealsOffice
Financed 04/11/2024
FINANCED
Catherine Nelson Brown Secures $8M Refinance Loan For Park Avenue South Office
461 Park Avenue South
See Similar DealsOffice
Financed 04/11/2024
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
The office building at 461 Park Avenue South in Manhattan, owned by Catherine Nelson Brown of Brown Companies, secured an $8 million loan from Symetra Life Insurance Company for a refinance deal closed on April 11, 2024.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,000,000
- Address: 461 Park Avenue South
- Market: Park Avenue South, Manhattan
- Lender: Symetra Life Insurance
- Landlord: Catherine Nelson Brown - Brown Companies
Catherine Nelson Brown, representing Brown Companies through Gammon Enterprises, LLC, successfully secured the $8 million loan from Symetra Life Insurance for the office building located at 461 Park Avenue South in Manhattan, emphasizing the strategic financial management involved in the deal.
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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