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Stahl Real Estate Secures $280M Refinancing Loan For Tribeca Office Building
FINANCED
$280,000,000
New York
See Similar DealsOffice802,000 SF
Financed 09/06/2023
FINANCED
Stahl Real Estate Secures $280M Refinancing Loan For Tribeca Office Building
60 Hudson Street
See Similar DealsOffice802,000 SF
Financed 09/06/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$349
Total Square Footage:802,000 SF
Transaction Type:Loan
The office building located at 60 Hudson Street in Tribeca, Manhattan has secured a refinancing loan valued at $280 million. The loan was provided by Cynthia Eckes of Morgan Stanley and facilitated by Morgan Stanley Bank. The building, spanning an area of 802,000 square feet, is owned by Richard F. Czaja's Stahl Real Estate.
Summary of transation details
- Property Type: Office
- Transaction Amount: $280,000,000
- Address: 60 Hudson Street, Tribeca, Manhattan
- Lender: Cynthia Eckes - Morgan Stanley
- Landlord: Richard F. Czaja - Stahl Real Estate
Stahl Real Estate, operating through 60 Hudson Owner LLC, obtained the refinancing loan from Cynthia Eckes of Morgan Stanley. The loan, valued at $280 million, will support the future operations and management of the office building at 60 Hudson Street in Tribeca, Manhattan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$280,000,000.00
Monthly NOI$1,866,666.67
Monthly Debt Service$1,769,790.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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