Signature Bank and Keysite Capital provided the debt
Arik Lifshitz’s DSA Property Group has secured $42.9 million from Signature Bank and Keysite Capital to refinance 106 Fulton Street, according to CO. The FiDi rental property spans 74,863 SF, and contains 81 apartments. It also includes two floors of commercial office space and street-level retail.
Financing breakdown: The 10-year loan has an interest rate of 4.92 percent. Signature Bank provided the senior debt, while Keysite Capital supplied the mezzanine piece. The loan package replaces $45 million in debt provided by Ladder Capital at the time of the acquisition.
Flashback: DSA paid $51.1 million for the former dormitory in 2016.