HF Capital Secures $6.4M Refinance Loan From Alma Bank For Specialty Use Asset In Manhattan
554 Fort Washington Avenue
$6,400,000
Building Size
—
Asset Type
Office
Closing
Nov 5, 2025
AI
The property asset involved in the transaction is located at 554 Fort Washington Avenue in Manhattan, categorized as a specialty use asset. The refinancing deal amounts to $6,400,000.
Summary of transaction details:
- Property Type: Specialty Use
- Transaction Amount: $6,400,000
- Lender: Alma Bank
- Landlord: HF Capital
- Landlord Representatives: Aaron Lowinger & Isaac Rosen
- Brokers: Judah Hammer & Jeff Feldman - CBRE
- Loan Type: Refinance
The key individuals in this transaction include Judah Hammer and Jeff Feldman, who represent the brokerage firm CBRE. They played a vital role in facilitating the refinancing for HF Capital, represented by Aaron Lowinger and Isaac Rosen, in securing the loan through Alma Bank.
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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93