Meadow Partners And Columbia Property Trust Refinance FiDi Office Building For $259M
80 Maiden Lane, New York City, New York 10038, United States
$259,000,000
Building Size
—
Asset Type
Office
Closing
Dec 16, 2021
About this deal
AI
Located in the Financial District (FiDi) area, the office property at 80-90 Maiden Lane has undergone a noteworthy financial transaction. On December 16, 2021, J.P. Morgan provided a refinancing loan of $259,000,000 for the property. The loan was secured by the property's owners, Meadow Partners - Yantz & Jeff Kaplan, Columbia Property Trust, and AM Properties - Nate Wasserman & Paul Wasserman. The deal was facilitated by Newmark brokers Dustin Stolly and Jordy Roeschlaub.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $259,000,000
- Address: 80-90 Maiden Lane
- Market: FiDi
In this transaction, J.P. Morgan served as the lender, providing the refinancing loan. The property's ownership is divided between Meadow Partners - represented by Yantz & Jeff Kaplan - and Columbia Property Trust and AM Properties - represented by Nate Wasserman and Paul Wasserman. Actively involved in the deal were Newmark brokers Dustin Stolly and Jordy Roeschlaub.
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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93