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Black Mountain Capital Provides $9.6M Acquisition Loan For Residential Apartment At 230 Central Park S., Manhattan

Property Image
FINANCED
$9,600,000

New York

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Co-Op4,500 SF
Financed 04/18/2022
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FINANCED

Black Mountain Capital Provides $9.6M Acquisition Loan For Residential Apartment At 230 Central Park S., Manhattan

230 Central Park South, New York City, New York 10019, United States

See Similar Deals
Co-Op4,500 SF
Financed 04/18/2022
Contact now

Summary

NEW YORK
Asset Type:Co-Op
Price Per Square Foot:$2,133
Total Square Footage:4,500 SF
Transaction Type:Loan

The residential apartment at 230 Central Park S. in Manhattan has been involved in a recent closed property transaction. With a size of approximately 4,500 square feet, this property offers a spacious living space in a prime location.

Summary of transaction details

  • Property Type: Residential Apartment
  • Transaction Amount: $9,600,000
  • Property Size: 4,500 square feet
  • Address: 230 Central Park S., Manhattan

The loan for this acquisition was provided by Black Mountain Capital. The lender financed the deal with a loan amount of $9,600,000. The loan terms include 80% leverage and a 5-year fixed interest-only period at a rate of 4.25%. Representing the lender in this transaction is Alex Elezaj from Black Mountain Capital.

According to a note from Black Mountain Capital, they pride themselves on offering steadfast and creative non-traditional financing options. They emphasize that financing doesn't have to be expensive when everyone appreciates the effort involved in seeing a deal through. Congratulations are extended to the new clients, as well as to the teams at BMC and Team Serhant.

If you're looking for financing options that can turn your dream into a reality, you can contact Black Mountain Capital at 646.504.3255.

Players

2 deals$26.6M volume
BROKER

Black Mountain Capital
LENDER

Details

FINANCED
IMAGE: Alex Elezaj DATE: 04/18/2022 ADDRESS: 230 Central Park S., MARKET: Manhattan ASSET TYPE: Residential Apt ~ SF: 4,500 LENDER: Black Mountain Capital (@BlackMountainCapital) (http://www.linkedin.com/company/black-mountain-capital/) BROKER: Alex Elezaj - Black Mountain Capital (@BlackMountainCapital) LOAN AMOUNT: $9,600,000 LOAN TYPE: Acquisition LOAN TERMS: 80% Leverage, 5 Year Fix Interest Only at 4.25% NOTE FROM @BlackMountainCapital: Steadfast comes to mind during a market cycle like we're in. Creative & Non Traditional Financing doesn't have to be expensive, however its enjoyable when everyone appreciates the effort that goes into seeing a deal through . Congratulations to our new clients, team BMC & Team Serhant! BMC is FINANCING THE DREAM from NEW YORK to MIAMI! Call us today 646.504.3255

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$9,600,000.00

Monthly NOI$64,000.00
Monthly Debt Service$60,678.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00