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Skyline Developers Secures $18M Refinance Loan From JP Morgan Chase For Léman Manhattan School
FINANCED
$18,000,000
New York
See Similar DealsSchool91,553 SF
Financed 04/29/2025
FINANCED
Skyline Developers Secures $18M Refinance Loan From JP Morgan Chase For Léman Manhattan School
41 Broad Street
See Similar DealsSchool91,553 SF
Financed 04/29/2025
Summary
NEW YORK
Asset Type:School
Price Per Square Foot:$196
Total Square Footage:91,553 SF
Transaction Type:Loan
The property asset involved in the transaction is the Léman Manhattan Preparatory School building located at 41 Broad Street in the Financial District of Manhattan. The asset features an approximate building size of 91,553 square feet and a base site area of 111,100 square feet.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $18,000,000
- Lender: JP Morgan Chase
- Landlord: Orin Wilf & Leonard Wilf - Skyline Developers
- Loan Type: Refinance
Skyline Developers, represented by Walwilhal Associates, LLC in the transaction, secured the refinancing loan from JP Morgan Chase. Orin Wilf and Leonard Wilf are the key individuals behind the ownership of the property, involved in this financial transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,000,000.00
Monthly NOI$120,000.00
Monthly Debt Service$113,772.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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