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Victor H. Sigoura Of Legion Investment Group Secures $140.1 Million Construction Loan In Manhattan
FINANCED
$140,100,000
New York
See Similar DealsOffice
Financed 01/29/2026
FINANCED
Victor H. Sigoura Of Legion Investment Group Secures $140.1 Million Construction Loan In Manhattan
5 West 13th Street
See Similar DealsOffice
Financed 01/29/2026
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
The O2 office building, located at 5 West 13th Street in Greenwich Village, Manhattan, is a property consisting of 110,000 square feet. The building is situated on a C6‑2 lot and has approved plans for up to 36 residential units and 3 commercial units. A construction loan amounting to $140.1 million was secured for this asset.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $140,100,000
- Lender: Bank OZK
- Landlord: Victor H. Sigoura - Legion Investment Group
Victor H. Sigoura represents Legion Investment Group in this transaction, while the loan was utilized specifically for the construction of the O2 office building. The unique features of the project according to the approved plans enable a mix of residential and commercial units, providing potential avenues for varied occupancy.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$140,100,000.00
Monthly NOI$934,000.00
Monthly Debt Service$885,527.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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