RXR Realty Secures $375M Loan For Retail Asset In New York
FINANCED
$375,000,000
New York
See Similar DealsRetail
Financed 04/12/2019
FINANCED
RXR Realty Secures $375M Loan For Retail Asset In New York
25 11th Avenue
See Similar DealsRetail
Financed 04/12/2019
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The retail property located at 25 11th Avenue in New York was involved in a recent loan transaction. The borrower, RXR Realty, secured a loan amount of $375,000,000.00 from Nuveen Real Estate, the lender.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $375,000,000.00
- Address: 25 11th Avenue
- Market: New York
- Borrower's Rep: Russell Schildkraut(Ackman-Ziff), Simon Ziff(Ackman-Ziff)
- Borrower: RXR Realty
- Lender: Nuveen Real Estate
Russell Schildkraut and Simon Ziff from Ackman-Ziff acted as the borrower's representatives in this transaction.
Players
LENDER
TENANT
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$375,000,000.00
Monthly NOI$2,500,000.00
Monthly Debt Service$2,370,255.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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