Centurion Realty's Ralph Tawil Leases Soho Retail Space To Apple For $75M Loan
FINANCED
$75,000,000
New York
See Similar DealsRetail28,434 SF
Financed 03/18/2020
FINANCED
Centurion Realty's Ralph Tawil Leases Soho Retail Space To Apple For $75M Loan
103 Prince St, New York, NY 10012, USA
See Similar DealsRetail28,434 SF
Financed 03/18/2020
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,637
Total Square Footage:28,434 SF
Transaction Type:Loan
The retail property located at 103 Prince Street in Soho has been involved in a closed transaction. The property spans 28,434 square feet and is owned by Centurion Realty, represented by Ralph Tawil. The loan amount for this transaction was $75,000,000, provided by Credit Agricole Corporate & Investment Bank.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $75,000,000
- Tenant: @Apple
- Landlord: Centurion Realty - Ralph Tawil
- Lender: Credit Agricole Corporate & Investment Bank
- Market: Soho
The tenant in this transaction is @Apple, while the lender is Credit Agricole Corporate & Investment Bank. Centurion Realty, with Ralph Tawil as their representative, acted as the landlord in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$75,000,000.00
Monthly NOI$500,000.00
Monthly Debt Service$474,051.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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