Meridian Capital Group Brokers $147M Refinance Loan For Queens, Brooklyn & Bronx Self-Storage Portfolio
FINANCED
$147,000,000
New York
See Similar Deals400,000 SF
Financed 08/15/2022
FINANCED
Meridian Capital Group Brokers $147M Refinance Loan For Queens, Brooklyn & Bronx Self-Storage Portfolio
31-07 20th Avenue, Queens, New York 11105, United States
See Similar Deals400,000 SF
Financed 08/15/2022
Summary
NEW YORK
Price Per Square Foot:$367
Total Square Footage:400,000 SF
Transaction Type:Loan
An self-storage property located at 31-07 20th Ave. in Queens, 1084 Rockaway Ave in Brooklyn, and 1260 Zerega Ave in the Bronx has undergone a refinance transaction. The property spans a total square footage of 400,000 and is owned by Prime Group.
Summary of transaction details:
- Property Type: Self-Storage
- Transaction Amount: $147,000,000
- Market: Queens, Brooklyn, and Bronx
- Lender: Slate Asset Management
- Borrower's Representative: Anthony Candela
- Landlord: Prime Group
- Brokers: Drew Anderman and Ben Nevid
- Brokers' Agency: Meridian Capital Group
The refinance loan was facilitated by Anthony Candela from Slate Asset Management. The brokers responsible for the deal were Drew Anderman and Ben Nevid from Meridian Capital Group.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$147,000,000.00
Monthly NOI$980,000.00
Monthly Debt Service$929,139.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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