Matthew Hirsch Represents Borrower In $50M Loan Deal With BMO Harris Bank
FINANCED
$50,000,000
Connecticut
See Similar DealsMixed-use
Financed 03/10/2020
FINANCED
Matthew Hirsch Represents Borrower In $50M Loan Deal With BMO Harris Bank
44 Olive St, New Haven, CT, 06511
See Similar DealsMixed-use
Financed 03/10/2020
Summary
CONNECTICUT
Asset Type:Mixed-use
Transaction Type:Loan
The property involved in this transaction is a mixed-use asset located at 44 Olive St, New Haven, CT, 06511. The loan amount secured for this property is $50,000,000.00 in the New Haven market.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $50,000,000.00
- Address: 44 Olive St, New Haven, CT, 06511
- Market: New Haven
- Lender: BMO Harris Bank
- Borrower's Representative: Matthew Hirsch
Matthew Hirsch represents the borrower in this transaction, facilitating communication and negotiation between the lender, BMO Harris Bank, and the borrowing party. This secured financing indicates strategic planning in the utilization of the mixed-use property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$50,000,000.00
Monthly NOI$333,333.33
Monthly Debt Service$316,034.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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