Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Tuesday, 23 July 2013

Manhattan Mixed-Use Property Gets $25Mln Loan from BankUnited

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Commercial Real Estate Direct Staff Report

BankUnited has provided $25 million of financing against 30 West 21st St., a 60,000-square-foot office and retail property in Manhattan's Flatiron district.

The loan matures in July 2018, but can be extended for an additional five years.

Skyway Development Group, which is led by brothers David and Steven Mashaal, used the debt to fund its purchase of the fully-occupied property from Kimco Realty Corp. for $38.5 million, or $641.67/sf. The deal was arranged by Massey Knakal Realty Services.

The 106-year-old building was renovated in 2007. It also includes a vacant lot.

Comments? E-mail Josh Mrozinski or call him at (267) 247-0112, Ext. 213.



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Additional Info

  • Syndicate to Realpoint: No
  • Cities: New York City
  • States: New York
  • Sector: Mixed-Use
  • Subject: Mortgages/Financing (MOR)
  • Valuation: Between $10 million and $25 million
  • Private: No
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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