Ross Walker Of Hawkins Way Capital Secures $197.4M Refinance Loan For 569 Lexington Avenue
569 Lexington Avenue
$197,400,000
Building Size
—
Asset Type
Retail
Closing
Mar 18, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 569 Lexington Avenue in Midtown East, Manhattan. The property encompasses a total square footage of 389,683 BSF. The transaction involves a refinance loan that amounts to $197,400,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $197,400,000
- Lender: Standard Chartered Bank
- Landlord: Ross Walker - Hawkins Way Capital
- Previous Debt Holder: Apollo Global Management
- Debt Replaced: $119,000,000
- Loan Type: Refinance
Ross Walker, representing Hawkins Way Capital, played a crucial role in this transaction by securing the refinancing of the property. The deal marks a significant financial maneuver involving a substantial amount of capital and the replacement of previous debt held by Apollo Global Management.
On the Map
$197,400,000
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93