ABP Capital Provides $27.7M Refinance Loan For Retail Asset In SoHo
So Ho
Building Size
—
Asset Type
—
Closing
Dec 18, 2022
About this deal
AI
Located at 106 Spring Street in SoHo, the retail property involved in the transaction was refinanced for a total loan amount of $27,700,000 secured by ABP Capital. The property is owned by Paceline Equity Partners.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $27,700,000
- Lender: ABP Capital
- Landlord: Paceline Equity Partners
- Brokers: Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Daniel Fromm, Tim Polglase - Newmark
The deal was facilitated by the team of brokers consisting of Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Daniel Fromm, and Tim Polglase from Newmark. The refinancing transaction highlights the collaborative effort of these key individuals and companies.
Players
London CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93