Wharton Properties & Schottenstein Property Group Secure $100M Loan From Rialto Capital For Retail In Harlem
FINANCED
$100,000,000
New York
See Similar DealsRetail
Financed 08/29/2025
FINANCED
Wharton Properties & Schottenstein Property Group Secure $100M Loan From Rialto Capital For Retail In Harlem
100 112 West 125th Street
See Similar DealsRetail
Financed 08/29/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
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
BROKERAGE
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$100,000,000.00
Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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