Kriss Capital Refinances Condo In South Williamsburg For $45M
FINANCED
$45,000,000
New York
See Similar Deals492,066 SF
Financed 04/18/2022
FINANCED
Kriss Capital Refinances Condo In South Williamsburg For $45M
429 Kent Avenue, Brooklyn, New York 11249, United States
See Similar Deals492,066 SF
Financed 04/18/2022
Summary
NEW YORK
Price Per Square Foot:$91
Total Square Footage:492,066 SF
Transaction Type:Loan
The property involved in this closed transaction is a condominium located at 429 Kent Avenue in South Williamsburg. The condo consists of 216 units and is owned by Xin Development Group.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $45,000,000
- Address: 429 Kent Avenue
- Market: South Williamsburg
- Units: 216
- Lender: Kriss Capital
- Landlord: Xin Development Group
- Broker: Stephen Muller - Vanadium Realty
- Loan Type: Refinance
The lender for this transaction is Kriss Capital, while Stephen Muller from Vanadium Realty represented the buyer as the broker. The loan amount for this refinance deal was $45,000,000.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,000,000.00
Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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