Banco Popular Provides $9.75M Construction Loan For Condo On Hillside Avenue
140 Hillside Avenue
$9,750,000
$9,750,000/SF
Building Size
1 SF
Asset Type
Condo
Closing
Mar 22, 2023
AI
The construction loan for a condo located at 140 Hillside Avenue in New York has been secured. The loan amount is $9,750,000 and it was provided by Banco Popular, with Travis Schelhorn representing the lender. The loan type is construction.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $9,750,000
- Lender: Banco Popular - Travis Schelhorn
In addition to the lender, Reuben Hedaya from Meridian Capital Group played a significant role in the deal as the broker representing the buyer or seller. Their expertise and negotiation skills contributed to the successful completion of the transaction.
Players
Bridgeport Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93