W Financial Provides $8.7M Loan For Upper East Side Townhouse
FINANCED
$8,700,000
New York
See Similar DealsOther6,850 SF
Financed 11/05/2018
FINANCED
W Financial Provides $8.7M Loan For Upper East Side Townhouse
123 East 61st Street, New York, NY 10065, USA
See Similar DealsOther6,850 SF
Financed 11/05/2018
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$1,270
Total Square Footage:6,850 SF
Transaction Type:Loan
Abe Mann and Brit Zamoyta closed a loan transaction on a townhouse located at 123 East 61st St. in the Upper East Side of New York. The property, which has a total square footage of 8,500, was financed by W Financial.
Summary of transaction details
- Property Type: Townhouse
- Transaction Amount: $8,700,000
- Loan Term: 2 years IO
- Lender: W Financial
- Landlord: Riverside Realty Trust - Joseph Lucania
- Brokers: Abe Mann and Brit Zamoyta @Progress.Capital
This loan transaction involved the collaboration of multiple parties. Riverside Realty Trust, represented by Joseph Lucania, acted as the landlord. Abe Mann and Brit Zamoyta of Progress.Capital served as the brokers who facilitated the deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,700,000.00
Monthly NOI$58,000.00
Monthly Debt Service$54,989.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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