Wharton Properties & Schottenstein Property Group Secure $100M Loan From Rialto Capital For Retail In Harlem
100 112 West 125th Street
$100,000,000
Building Size
—
Asset Type
Retail
Closing
Aug 28, 2025
AI
The asset involved in this transaction is a retail property located at 100-112 West 125th Street in Harlem, Manhattan. The loan attached to this property amounts to $100,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100,000,000
- Lender: Rialto Capital
- Landlord: Wharton Properties & Schottenstein Property Group
- Brokers: Tom Sullivan & Scott Aiese - JLL
- Date: 8/29/2025
This transaction was facilitated by brokers Tom Sullivan and Scott Aiese from JLL, who played a key role in bringing together the lender, Rialto Capital, and the landlords, Wharton Properties and Schottenstein Property Group, for this loan agreement.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93