Credit Suisse Provides $238M Loan For Office & Retail Property At 980 Madison Avenue On Upper East Side
FINANCED
$238,000,000
New York
See Similar DealsOffice1,350,000 SF
Financed 07/09/2020
FINANCED
Credit Suisse Provides $238M Loan For Office & Retail Property At 980 Madison Avenue On Upper East Side
980 Madison Avenue, New York, NY 10075
See Similar DealsOffice1,350,000 SF
Financed 07/09/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$176
Total Square Footage:1,350,000 SF
Transaction Type:Loan
A loan transaction has taken place at 980 Madison Avenue on the Upper East Side. The property involved in this transaction is an office and retail space spanning 1,350,000 square feet. The loan amount for this transaction is $238,000,000.
Summary of transaction details
- Property Type: Office & Retail
- Transaction Amount: $238,000,000
- Address: 980 Madison Avenue
- Market: Upper East Side
Credit Suisse served as the lender for this loan transaction. The landlord of the property is @RFRRealty, represented by Aby Rosen and Gabriel Rosen. The brokers involved in the deal were Dustin Stolly and Jordy Roeschlaub from Newmark.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$238,000,000.00
Monthly NOI$1,586,666.67
Monthly Debt Service$1,504,321.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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