Friedland Properties Secures $110M Loan From Guardian Life Insurance For Upper West Side Residential Property
FINANCED
$110,000,000
New York
See Similar DealsOther1,721 SF
Financed 05/29/2019
FINANCED
Friedland Properties Secures $110M Loan From Guardian Life Insurance For Upper West Side Residential Property
222 W 80th St, New York, NY 10024, USA
See Similar DealsOther1,721 SF
Financed 05/29/2019
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$63,916
Total Square Footage:1,721 SF
Transaction Type:Loan
The residential property located at 222 West 80th Street in the Upper West Side has been involved in a closed transaction. The property, owned by Friedland Properties, has recently secured a loan amount of $110,000,000 from Guardian Life Insurance Company of America.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $110,000,000
- Address: 222 West 80th Street
- Market: Upper West Side
Friedland Properties, the landlord of the property, successfully obtained the loan from Guardian Life Insurance Company of America. William & Lawrence Friedland, representing Friedland Properties, played a significant role in the transaction as the landlord's representatives.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$110,000,000.00
Monthly NOI$733,333.33
Monthly Debt Service$695,274.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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