Maverick Real Estate Partners Provides $34.4M Refinance Loan For Flushing Specialty Building
FINANCED
$34,425,000
New York
See Similar Deals100,866 SF
Financed 10/05/2022
FINANCED
Maverick Real Estate Partners Provides $34.4M Refinance Loan For Flushing Specialty Building
135 Northern Boulevard, Queens, New York 11101, United States
See Similar Deals100,866 SF
Financed 10/05/2022
Summary
NEW YORK
Price Per Square Foot:$341
Total Square Footage:100,866 SF
Transaction Type:Loan
The specialty building located at 135-35 Northern Boulevard in Flushing, Queens was involved in a recent loan transaction. The building has a total BSF (Buildable Square Footage) of 100,866 square feet.
Summary of transation details
- Property Type: Specialty Building
- Transaction Amount: $34,425,000
- Loan Type: Refinance
Maverick Real Estate Partners, represented by Thomas Hooker, provided a loan amount of $34,425,000 to the owner of the building. The lender, Maverick Real Estate Partners, specializes in real estate financing. Xinyuan Real Estate Co and Xin Development Group International, represented by Jane Weng, serve as the landlord of the property. It is worth noting that the loan transaction took place on 10/05/2022.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,425,000.00
Monthly NOI$229,500.00
Monthly Debt Service$217,589.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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