RedSky Capital, JZ Capital Partners, And Waterbridge Capital Refinance $104M Williamsburg Residential & Retail Portfolio
$104,000,000
Building Size
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Asset Type
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Closing
May 29, 2018
About this deal
AI
RedSky Capital, JZ Capital Partners, and Joel Schreiber's Waterbridge Capital have completed a $104 million refinancing deal for a residential and retail portfolio in Williamsburg, NY. The properties included in this portfolio are 237–241 Bedford Avenue, 247 Bedford Avenue, 160-164 North 4th Street, and 159-173 North 3rd Street, totaling 85,000 square feet.
Summary of transation details
- Property Type: Residential & Retail Portfolio
- Transaction Amount: $104 million
- Size: 85,000 square feet
- Landlord: RedSky Capital - Ben Bernstein, JZ Capital Partners, and Joel Schreiber's Waterbridge Capital
The key individuals involved in this deal include Jamie Dimon, Aaron Appel, Ben Bernstein, and Joel Schreiber.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93