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Maxim Capital Group And Sabal Investment Holdings Provide $50 Million Refinance Loan For 580 Broadway

Property Image
FINANCED
$50,000,000
Matthew Polci
Eric Michael Anton
+ 1

New York

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Office144,167 SF
Financed 07/01/2024
the dealplayerscompscontact
Property Image
FINANCED

Maxim Capital Group And Sabal Investment Holdings Provide $50 Million Refinance Loan For 580 Broadway

580 Broadway

See Similar Deals
Office144,167 SF
Financed 07/01/2024
Matthew Polci
Eric Michael Anton
+ 1
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$346
Total Square Footage:144,167 SF
Transaction Type:Loan

The asset involved in the transaction is an office property located at 580 Broadway in SoHo, Manhattan. This property spans 144,167 square feet and is part of a market known for its diverse business environment. The total loan amount for this refinancing transaction is $50,000,000.

Summary of transaction details:

The deal features key individuals including brokers Justin Michael Natalizio, Eric Michael Anton, Matthew Polci from Marcus & Millichap, and Steven Buchwald from Institutional Property Advisors. These professionals played significant roles in facilitating the loan transaction between the involved parties, lending their expertise in the market.

Players

Justin Michael Natalizio
16 deals$608.9M volume(917) 685-6988
BROKER

Matthew Polci
Marcus & Millichap
5 deals$216M volume
BROKER

Steven Buchwald
Institutional Property Advisors
23 deals$1.1B volume
BROKER

Eric Michael Anton
Marcus & Millichap
11 deals$298.8M volume(212) 430-5209
BROKER

Maxim Capital Group
LENDER

GDSNY
LENDER

Details

FINANCED
IMAGE: Justin Michael Natalizio, Eric Michael Anton, Matthew Polci & Steven Buchwald DATE: 07/01/2024 ADDRESS: 580 Broadway MARKET: SoHo, Manhattan ASSET TYPE: Office ~ SF: 144,167 LENDER: Maxim Capital Group (@MaximCapitalGroup), Sabal Investment Holdings & GDSNY LANDLORD: Chelsfield Group & Ram Holdings BROKERS: Justin Michael Natalizio (@Sir_Natalizio), Eric Michael Anton (@EricMichaelAnton), Matthew Polci (@IdolciPolci) - Marcus & Millichap & Steven Buchwald (@AgentBuch6) - Institutional Property Advisors LOAN AMOUNT: $50,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$50,000,000.00

Monthly NOI$333,333.33
Monthly Debt Service$316,034.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00