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
$390,000,000
$13,777/SF
Building Size
28,308 SF
Asset Type
Other
Closing
Nov 29, 2020
About this deal
AI
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
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Deal FAQ
Visit Thomas Wayda to view all their deals.
Browse New York other loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93