First Commercial Bank Refinances Condo On Queens Boulevard In Jamaica For $20M
FINANCED
$20,000,000
New York
See Similar DealsFinanced 05/20/2022
FINANCED
First Commercial Bank Refinances Condo On Queens Boulevard In Jamaica For $20M
140 Queens Boulevard, Queens, New York 11375, United States
See Similar DealsFinanced 05/20/2022
Summary
NEW YORK
Transaction Type:Loan
140-35 Queens Boulevard in Jamaica, is a condominium that was recently involved in a transaction. The property is owned by United Construction & Development Group & Ping Yeung. It is located in a prime location in the Jamaica market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $20,000,000
- Lender: First Commercial Bank
In this deal, the property at 140-35 Queens Boulevard was refinanced for a loan amount of $20,000,000. The loan was provided by First Commercial Bank. The landlord, United Construction & Development Group & Ping Yeung, successfully secured this refinance loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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