Carol Shelby Of Meridian Capital Group Secures $17.5 Million Refinance Loan For Retail Co-Op
FINANCED
$17,500,000
New York
See Similar DealsCo-Op50,962 SF
Financed 02/14/2025
FINANCED
Carol Shelby Of Meridian Capital Group Secures $17.5 Million Refinance Loan For Retail Co-Op
652 Hudson Street
See Similar DealsCo-Op50,962 SF
Financed 02/14/2025
Summary
NEW YORK
Asset Type:Co-Op
Price Per Square Foot:$343
Total Square Footage:50,962 SF
Transaction Type:Loan
The asset involved in this transaction is a retail co-op located at 652 Hudson Street in the West Village market. The property spans a total square footage of 50,962 and was subject to a refinance loan.
Summary of transaction details:
- Property Type: Retail Co-Op
- Transaction Amount: $17,500,000
- Loan Type: Refinance
- Lender: Customer's Bank
- Broker: Carol Shelby - Meridian Capital Group
- Date of Transaction: 02/14/2025
Carol Shelby from Meridian Capital Group was the broker representing the refinancing process in this transaction, facilitating the connection between the borrower and the lender, Customer's Bank.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,500,000.00
Monthly NOI$116,666.67
Monthly Debt Service$110,611.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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