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Olivier Gavalda Of Credit Agricole Provides $450M Loan For Retail Space In Midtown Manhattan
FINANCED
$450,000,000
New York
See Similar DealsRetail
Financed 12/22/2025
FINANCED
Olivier Gavalda Of Credit Agricole Provides $450M Loan For Retail Space In Midtown Manhattan
715 5th Avenue & 717 5th Avenue
See Similar DealsRetail
Financed 12/22/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The property asset involved in this transaction is a 115,000 square feet retail space located at 715-717 5th Avenue in Midtown Manhattan. The loan amount provided for this asset totals $450 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $450,000,000
- Address: 715-717 5th Avenue
- Market: Midtown Manhattan
- Lender: Olivier Gavalda - Credit Agricole
This loan transaction was facilitated by Olivier Gavalda, representing Credit Agricole, which is the lender providing mortgage financing for the retail space.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$450,000,000.00
Monthly NOI$3,000,000.00
Monthly Debt Service$2,844,306.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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