Shanghai Commercial Bank Provides $14.2M Refinance Loan For Flushing Condo
FINANCED
$14,220,000
New York
See Similar Deals20,006 SF
Financed 09/19/2022
FINANCED
Shanghai Commercial Bank Provides $14.2M Refinance Loan For Flushing Condo
37-12 Prince Street, Queens, New York 11354, United States
See Similar Deals20,006 SF
Financed 09/19/2022
Summary
NEW YORK
Price Per Square Foot:$710
Total Square Footage:20,006 SF
Transaction Type:Loan
A loan has been secured for a condo located at 37-12 Prince Street in Flushing, Queens. The condo spans approximately 20,006 square feet in size.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $14,220,000
- Address: 37-12 Prince Street
- Market: Flushing, Queens
- Lender: Shanghai Commercial Bank
- Landlord: F&T Group - Sunny Chiu
- Loan Type: Refinance
The loan amount secured for the property is $14,220,000 and it is a refinance loan. The lender for this transaction is Shanghai Commercial Bank. The landlord of the property is F&T Group, represented by Sunny Chiu.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,220,000.00
Monthly NOI$94,800.00
Monthly Debt Service$89,880.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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