Banco Popular Provides $9.75M Construction Loan For Condo On Hillside Avenue
FINANCED
$9,750,000
National
See Similar DealsCondo1 SF
Financed 03/22/2023
FINANCED
Banco Popular Provides $9.75M Construction Loan For Condo On Hillside Avenue
140 Hillside Avenue
See Similar DealsCondo1 SF
Financed 03/22/2023
Summary
Asset Type:Condo
Price Per Square Foot:$9,750,000
Total Square Footage:1 SF
Transaction Type:Loan
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,750,000.00
Monthly NOI$65,000.00
Monthly Debt Service$61,626.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions