TriState Capital Provides $19 Million Refinance Loan For Mixed-Use Property On Broadway In New York
FINANCED
$19,000,000
National
See Similar DealsMixed-use72,609 SF
Financed 03/16/2023
FINANCED
TriState Capital Provides $19 Million Refinance Loan For Mixed-Use Property On Broadway In New York
4320 Broadway
See Similar DealsMixed-use72,609 SF
Financed 03/16/2023
Summary
Asset Type:Mixed-use
Price Per Square Foot:$261
Total Square Footage:72,609 SF
Transaction Type:Loan
The mixed-use property located at 4320 Broadway in New York has undergone a recent loan transaction. The property spans a total area of 72,609 square feet and is situated in the thriving New York market.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $19,000,000
- Lender: TriState Capital
- Brokers: Morris Betesh & Omar Ferreira - Meridian Capital Group
- Loan Type: Refinance
TriState Capital provided a loan amount of $19,000,000 to facilitate the refinancing of the property at 4320 Broadway. This transaction was overseen by brokers Morris Betesh and Omar Ferreira from the Meridian Capital Group, representing the parties involved in the deal.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,000,000.00
Monthly NOI$126,666.67
Monthly Debt Service$120,092.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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