JG Funding Corp. Provides $2.8M Refinance Loan For Williamsburg Package Deal
FINANCED
$2,800,000
New York
See Similar Deals8,245 SF
Financed 07/07/2022
FINANCED
JG Funding Corp. Provides $2.8M Refinance Loan For Williamsburg Package Deal
203 Wallabout Street, Brooklyn, New York 11206, United States
See Similar Deals8,245 SF
Financed 07/07/2022
Summary
NEW YORK
Price Per Square Foot:$339
Total Square Footage:8,245 SF
Transaction Type:Loan
The package deal at 203 Wallabout St. in Williamsburg has been closed. The property spans approximately 8,245 square feet, making it a substantial investment.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $2,800,000
- Date: 07/07/2022
- Lender: JG Funding Corp.
- Broker: First Loans
- Loan Type: Refinance
- Loan Terms: 1st Lien, Blanket Loan with Partial Release, 12 months + extensions; I/O payment
The loan for this transaction was provided by JG Funding Corp. The amount of the loan is $2,800,000, and it is a refinance loan. The loan terms include being a 1st lien, blanket loan with partial release, with a duration of 12 months plus extensions and interest-only payment.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,800,000.00
Monthly NOI$18,666.67
Monthly Debt Service$17,697.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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