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Bank Of China Provides $23M Loan For Retail Property In Yorkville

Property Image
FINANCED
$23,000,000

California

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Retail22,563 SF
Financed 04/15/2020
the dealdetailscomps
Property Image
FINANCED

Bank Of China Provides $23M Loan For Retail Property In Yorkville

1683 3rd Ave, New York, Ny 10128, Usa

See Similar Deals
Retail22,563 SF
Financed 04/15/2020
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,019
Total Square Footage:22,563 SF
Transaction Type:Loan

Gao Yingxin image was captured on 04/15/2020 at 1683 Third Avenue in the Yorkville market. The property is a retail asset with a total of 2 units and a size of 22,563 square feet.

Summary of transaction details

  • Property Type: Retail
  • Loan Amount: $23,000,000
  • Lender: Bank of China
  • Landlord: CL Investment Group

The deal involved Bank of China as the lender providing a loan of $23,000,000. CL Investment Group acted as the landlord in this transaction.

Details

FINANCED
IMAGE: Gao Yingxin DATE: 04/15/2020 ADDRESS: 1683 Third Avenue MARKET: Yorkville ASSET TYPE: Retail LENDER: Bank of China LANDLORD: CL Investment Group LOAN AMOUNT: $23,000,000 UNITS: 2 SF: 22,563

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$23,000,000.00

Monthly NOI$153,333.33
Monthly Debt Service$145,375.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00