Urban Standard Capital Provides $7M Acquisition Loan For Development Site In New York
FINANCED
$7,000,000
National
See Similar DealsDevelopment Site
Financed 02/22/2023
FINANCED
Urban Standard Capital Provides $7M Acquisition Loan For Development Site In New York
625 New York Ave, Brooklyn, New York 11203 + 447 Fenimore Street, Brooklyn, New York 11225
See Similar DealsDevelopment Site
Financed 02/22/2023
Summary
Asset Type:Development Site
Transaction Type:Loan
A development site located at 625 New York Ave & 447 Fenimore Street in New York has been involved in a loan transaction. The loan amount for this acquisition was $7,000,000. The lender in this transaction was Urban Standard Capital.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,000,000
- Lender: Urban Standard Capital
For all acquisition, bridge, and construction lending opportunities, email Charlie Brosens ([email protected]) & Harrison Rowen ([email protected]).
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,000,000.00
Monthly NOI$46,666.67
Monthly Debt Service$44,244.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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