Metro Loft - Nathan Berman Secures $320M Permanent Loan For Financial District Rental Property
FINANCED
$320,000,000
+ 1
New York
See Similar DealsRetail19,975 SF
Financed 09/11/2019
FINANCED
Metro Loft - Nathan Berman Secures $320M Permanent Loan For Financial District Rental Property
20 Broad Street, New York, NY, USA
See Similar DealsRetail19,975 SF
Financed 09/11/2019
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$16,020
Total Square Footage:19,975 SF
Transaction Type:Loan
The permanent loan for the rental property at 20 Broad Street in the Financial District has been finalized. The loan amount is $320,000,000.
Summary of transaction details:
- Property Type: Rental
- Transaction Amount: $320,000,000
- Landlord: Metro Loft - Nathan Berman
- Lenders: Apollo & Shinhan
- Brokers: Max Herzog, Marko Kazanjian, Brett Rosenberg
Max Herzog, Marko Kazanjian, and Brett Rosenberg were the brokers involved in the deal. Nathan Berman represented the landlord, Metro Loft. Apollo and Shinhan served as the lenders for the transaction.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$320,000,000.00
Monthly NOI$2,133,333.33
Monthly Debt Service$2,022,617.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions