Maverick Real Estate Partners Provides $34.4M Refinance Loan For Flushing Specialty Building
135 Northern Boulevard, Queens, New York 11101, United States
$34,425,000
$341/SF
Building Size
100,866 SF
Asset Type
—
Closing
Oct 4, 2022
About this deal
AI
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.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93