Natixis Provides $130M Loan For 330 East 62nd Street Acquisition On Upper East Side
FINANCED
$130,000,000
New York
See Similar DealsOther13,706 SF
Financed 12/06/2019
FINANCED
Natixis Provides $130M Loan For 330 East 62nd Street Acquisition On Upper East Side
330 E 62nd St, New York, NY 10065, USA
See Similar DealsOther13,706 SF
Financed 12/06/2019
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$9,484
Total Square Footage:13,706 SF
Transaction Type:Loan
Eli Weiss, Brad Domenico & Jorge Madruga have successfully closed a property transaction in the Upper East Side of Manhattan. The property, located at 330 East 62nd Street, was acquired by the partnership between Maddd Equities and Joy Construction. The deal was facilitated by Brad Domenico of Progress Capital, who represented the buyers in the transaction.
Summary of transaction details
- Property Type: Unknown
- Transaction Amount: $130,000,000
- Loan Amount: $130,000,000
- Loan Term: 5 years
- Lender: natixis''>Natixis
- Landlord: Maddd Equities & Joy Construction
- Broker: Brad Domenico - Progress Capital
- Market: Upper East Side
The loan, amounting to $130,000,000, was provided by Natixis for a term of 5 years. Brad Domenico, representing Progress Capital, played a crucial role as the broker for the buyers throughout the transaction. This successful deal further highlights the expertise and capabilities of the involved individuals and companies in the real estate market.
Players
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$130,000,000.00
Monthly NOI$866,666.67
Monthly Debt Service$821,688.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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