Caspi Development's 456 Greenwich Street Hotel In TriBeCa Gets $135M Loan From Hana Financial Investment
456 Greenwich St, New York, NY 10013, USA
$135,000,000
$11,285/SF
Building Size
11,962 SF
Asset Type
Other
Closing
Oct 9, 2019
About this deal
AI
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.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93