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Guardian Realty Refinances Medical Facility In Borough Park Brooklyn For $10M Loan
SOLD
New York
See Similar DealsSold 03/30/2023
SOLD
Guardian Realty Refinances Medical Facility In Borough Park Brooklyn For $10M Loan
3710 13th Avenue
See Similar DealsSold 03/30/2023
Summary
NEW YORK
Transaction Type:Sale
Guardian Realty, through its entity 3710 13 LLC, has closed a $10 million refinance loan with Webster Bank for two commercial condominium units located at 3710 13th Avenue in Borough Park, Brooklyn. The properties have a total square footage of 208,693, out of the 275,008 square feet on the tax block.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $10,015,270
- Market: Borough Park, Brooklyn
- Lender: Webster Bank - Matthew Solomon
- Landlord: Guardian Realty - Chaim Simkowitz
The deal involved Guardian Realty as the landlord and Webster Bank as the lender, represented by Matthew Solomon. The loan was secured to refinance the two commercial condominium units in Borough Park. The transaction signifies the confidence of both parties in the potential of the medical facility properties in this market.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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