Shatz Capital And Ripco Secure $39M Loan From Citibank For School In NYC
FINANCED
$39,000,000
New York
See Similar DealsSchool
Financed 05/28/2021
FINANCED
Shatz Capital And Ripco Secure $39M Loan From Citibank For School In NYC
335 W 16th St, New York, NY, 10011
See Similar DealsSchool
Financed 05/28/2021
Summary
NEW YORK
Asset Type:School
Transaction Type:Loan
The asset involved in this transaction is a school located at 335 W 16th St, New York, NY, 10011. The loan amount secured for this property is $39,000,000.00 in the New York market.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $39,000,000.00
- Address: 335 W 16th St, New York, NY, 10011
- Market: New York
- Lender: citibank-Citibank
- Borrower's Representatives: Matthew Shatz-Shatz Capital, Steven Sperandio-Ripco
The key individuals involved in this transaction include representatives from both the borrower and the lender, with Matthew Shatz from Shatz Capital and Steven Sperandio from Ripco acting on behalf of the borrower. Citibank serves as the lender for this financial agreement.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$39,000,000.00
Monthly NOI$260,000.00
Monthly Debt Service$246,506.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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