Edgewood Capital Advisors Provides $29 Million Bridge Loan For Upper West Side Co-op Portfolio
$29,000,000
Building Size
—
Asset Type
Package Deal
Closing
Jun 11, 2025
AI
A package deal consisting of a portfolio of sponsor-owned co-op units distributed across 11 buildings on the Upper West Side of Manhattan was financed through a bridge loan. The total loan amount secured for this transaction is $29,000,000, provided by Edgewood Capital Advisors.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $29,000,000
- Lender: Edgewood Capital Advisors
- Loan Originators: Tom Ferrell, Mike Doherty, Mike Galante & Chris Whittleton
- Market: Upper West Side
- Loan Type: Bridge
The loan was facilitated by Tom Ferrell, Mike Doherty, Mike Galante, and Chris Whittleton, who served as loan originators for Edgewood Capital Advisors during this transaction.
Players
Market Package Deal Market Snapshot
Boundary boundary · Package Deal · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93