Caspi Development's 456 Greenwich Street Hotel In TriBeCa Gets $135M Loan From Hana Financial Investment
FINANCED
$135,000,000
New York
See Similar DealsOther11,962 SF
Financed 10/10/2019
FINANCED
Caspi Development's 456 Greenwich Street Hotel In TriBeCa Gets $135M Loan From Hana Financial Investment
456 Greenwich St, New York, NY 10013, USA
See Similar DealsOther11,962 SF
Financed 10/10/2019
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$11,285
Total Square Footage:11,962 SF
Transaction Type:Loan
The property asset involved in the transaction is a hotel located at 456 Greenwich Street in the TriBeCa market. The loan amount for this transaction was $135,000,000. The lender for this deal was Hana Financial Investment, while the landlord was Caspi Development.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $135,000,000
- Address: 456 Greenwich Street
- Market: TriBeCa
The key individuals and companies involved in this transaction were Joshua Caspi, Lee Jin-Kook, and Caspi Development. Hana Financial Investment served as the lender for the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$135,000,000.00
Monthly NOI$900,000.00
Monthly Debt Service$853,291.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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