Jeff Sutton Of Wharton Properties Secures $100M Refinance Loan From Jeff Krasnoff Of Rialto Capital In Harlem
100 West 125th Street
$100,000,000
Building Size
—
Asset Type
Retail
Closing
Jul 29, 2025
AI
The asset involved in this transaction is a retail property located at 100 West 125th Street in Harlem, Manhattan. The loan amount for the refinance is $100,000,000, which replaces a prior loan of $95,000,000 from Valley National.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100,000,000
- Lender: Jeff Krasnoff - Rialto Capital Management
- Landlord: Jeff Sutton - Wharton Properties
- Loan Type: Refinance
Key individuals involved in the deal include Jeff Krasnoff representing Rialto Capital Management and Jeff Sutton representing Wharton Properties, who successfully facilitated the refinancing of the retail asset.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
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