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Mack Real Estate Credit Strategies Lends To Seaport Residences In Manhattan

Property Image
FINANCED
$66,000,000
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 2

New York

See Similar Deals
Other1,938 SF
Financed 09/27/2018
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Property Image
FINANCED

Mack Real Estate Credit Strategies Lends To Seaport Residences In Manhattan

161 Maiden Ln, New York, NY 10038, USA

See Similar Deals
Other1,938 SF
Financed 09/27/2018
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 2
Contact now

Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$34,055
Total Square Footage:1,938 SF
Transaction Type:Loan

Seaport Residences, a residential tower located at 161 Maiden Lane in Manhattan, has been involved in a recent transaction. The lender for this deal was Mack Real Estate Credit Strategies, represented by Richard Mack. The landlord of the property is Fortis Property Group, represented by Joel Kestenbaum and Jonathan Landau. The broker involved in this transaction was NKF Capital Market, with Dustin Stolly, Jordan Roeschlaub, Jonathan Landau, and Joel Kestenbaum as representatives.

Summary of transaction details

  • Property Type: Residential Tower
  • Lender: Mack Real Estate Credit Strategies – Richard Mack
  • Landlord: Fortis Property Group – Joel Kestenbaum and Jonathan Landau
  • Broker: NKF Capital Market – Dustin Stolly, Jordan Roeschlaub, Jonathan Landau, and Joel Kestenbaum

Richard Mack, the representative of Mack Real Estate Credit Strategies, played a crucial role in this transaction as the lender. Meanwhile, the landlord of Seaport Residences, Joel Kestenbaum and Jonathan Landau from Fortis Property Group, facilitated and managed the deal. NKF Capital Market, represented by Dustin Stolly, Jordan Roeschlaub, Jonathan Landau, and Joel Kestenbaum, served as the broker in this transaction, providing their expertise and assistance to ensure its successful completion.

Players

Dustin Stolly
264 deals$49.1B volume
BROKER

Nick Scribani
Newmark
191 deals$55.1B volume(212) 372-2113
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$96.2B volume
BROKER

Mack Real Estate Group
LENDER

Jonathan Landau
8 deals$2B volume
LANDLORD

Details

FINANCED
IMAGE: Richard Mack, Dustin Stolly, Jordan Roeschlaub, Jonathan Landau and Joel Kestenbaum DATE: 09/27/2018 PROPERTY NAME: Seaport Residences ADDRESS: 161 Maiden Lane MARKET: Manhattan ASSET TYPE: Residental Tower LENDER: Mack Real Estate Credit Strategies – Richard Mack LANDLORD: Fortis Property Group – Joel Kestenbaum and Jonathan Landau BROKER: NKF Capital Market – Dustin Stolly, Jordan […]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$66,000,000.00

Monthly NOI$440,000.00
Monthly Debt Service$417,164.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00