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Ronnie Levine And Thomas Wayda Of Meridian Capital Group Arrange $390M Loan For Slate Property Group & BentalGreenOak In Midtown

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FINANCED
$390,000,000

New York

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Other28,308 SF
Financed 11/30/2020
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FINANCED

Ronnie Levine And Thomas Wayda Of Meridian Capital Group Arrange $390M Loan For Slate Property Group & BentalGreenOak In Midtown

420 E 54th St, New York, NY 10022, USA

See Similar Deals
Other28,308 SF
Financed 11/30/2020
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$13,777
Total Square Footage:28,308 SF
Transaction Type:Loan

The property located at 420 East 54th Street in Midtown recently underwent a closed transaction. The lender for this deal was Mack Real Estate Credit Strategies, while the landlords involved were Slate Property Group and BentalGreenOak. The broker for this transaction was @Meridian.Capital.Group, represented by Ronnie Levine and Thomas Wayda. The loan amount for this deal totaled $390,000,000.

Summary of transaction details

  • Property Type: Not specified
  • Transaction Amount: $390,000,000
  • Lender: Mack Real Estate Credit Strategies
  • Landlord: Slate Property Group & BentalGreenOak
  • Broker: @Meridian.Capital.Group – Ronnie Levine & Thomas Wayda

In addition to the above details, the property features a new 4,470-square-foot rooftop that includes a fitness center and outdoor amenities.

Players

Thomas Wayda
Greystone
Thomas Wayda
21 deals$1.5B volume(917) 421-4534
BROKER
Greystone
Greystone
BROKERAGE
Slate Property Group
Slate Property Group
LENDER
Greystone
Greystone
LENDER
BentallGreenOak
BentallGreenOak
LENDER
Mack Real Estate Group
Mack Real Estate Group
LENDER
Slate Property Group
Slate Property Group
LANDLORD

Details

FINANCED
IMAGE: Ronnie Levine, Thomas Wayda, David Schwartz, Martin Nussbaum, Richard Mack ADDRESS: 420 East 54th Street MARKET: Midtown LENDER: Mack Real Estate Credit Strategies LANDLORD: Slate Property Group & BentalGreenOak BROKER: @Meridian.Capital.Group – Ronnie Levine & Thomas Wayda LOAN AMOUNT: $390,000,000 NOTE: Its amenities include a new 4,470-square-foot rooftop with a fitness center, an outdoor […]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$390,000,000.00

Monthly NOI$2,600,000.00
Monthly Debt Service$2,465,065.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00