Fortress Investment Group Provides $55.75M Refinance Loan For Brooklyn Heights Condo At 195 Montague Street
FINANCED
$55,750,000
New York
See Similar Deals109,408 SF
Financed 10/05/2021
FINANCED
Fortress Investment Group Provides $55.75M Refinance Loan For Brooklyn Heights Condo At 195 Montague Street
195 Montague Street, Brooklyn, NY, USA
See Similar Deals109,408 SF
Financed 10/05/2021
Summary
NEW YORK
Price Per Square Foot:$509
Total Square Footage:109,408 SF
Transaction Type:Loan
The property involved in the transaction is a condo located at 195 Montague Street in Brooklyn Heights. The condo has a total area of 109,408 square feet.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $55,750,000
- Market: Brooklyn Heights
- Lender: Fortress Investment Group
- Landlord: Treeline Companies
- Loan Type: Refinance
The lender in this transaction is Fortress Investment Group, while the landlord is Treeline Companies.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$55,750,000.00
Monthly NOI$371,666.67
Monthly Debt Service$352,377.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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