Wells Fargo Provides $165 Million Loan For 120 Wall Street Office Acquisition
FINANCED
$165,000,000
+ 2
New York
See Similar DealsRetail588,101 SF
Financed
FINANCED
Wells Fargo Provides $165 Million Loan For 120 Wall Street Office Acquisition
120 Wall Street, Manhattan, New York, NY, USA
See Similar DealsRetail588,101 SF
Financed
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$280
Total Square Footage:588101 SF
Transaction Type:Loan
The property involved in this closed transaction is located at 120 Wall Street in the Financial District. It is an office asset with a total square footage of 582,415. The property falls under the C6-9, LM zoning.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $165,000,000
- Address: 120 Wall Street
- Market: Financial District
- Square Footage: 582,415 SF
The lender for this transaction was Wells Fargo, while the landlord was Silverstein Properties. The deal was brokered by Ackman Ziff, specifically represented by Simon Ziff, Russell Schildkraut, and Jason Krane.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$165,000,000.00
Monthly NOI$1,100,000.00
Monthly Debt Service$1,042,912.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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