G4 Capital Partners Provides $94M Loan For 65 Franklin Street Condo Acquisition
FINANCED
$94,000,000
+ 4
New York
See Similar DealsOther64,430 SF
Financed
FINANCED
G4 Capital Partners Provides $94M Loan For 65 Franklin Street Condo Acquisition
65 Franklin St, New York, NY 10013, USA
See Similar DealsOther64,430 SF
Financed
+ 4
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$1458
Total Square Footage:64430 SF
Transaction Type:Loan
The recently closed property transaction at 65 Franklin Street in Tribeca involved a condo property consisting of 41 units. The transaction took place on 05/24/2019. The lender for this transaction was G4 Capital Partners, and the loan amount was $94,000,000. The property's landlord is HAP_NY.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $94,000,000
- Address: 65 Franklin Street
- Market: Tribeca
- Units: 41
- Lender: G4 Capital Partners
- Landlord: HAP_NY
The deal was facilitated by Eran Polack from @Eran_Polack, and Louis Silverman from Silverman.Louis. They represented the buyer and seller respectively in this transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$94,000,000.00
Monthly NOI$626,666.67
Monthly Debt Service$594,143.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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