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Elizabeth McDonald Of 387 Kings Highway LLC Secures $6M Refinance Loan In Tribeca
FINANCED
$6,000,000
New York
See Similar DealsCommercial7,273 SF
Financed 05/22/2024
FINANCED
Elizabeth McDonald Of 387 Kings Highway LLC Secures $6M Refinance Loan In Tribeca
408 Greenwich Street
See Similar DealsCommercial7,273 SF
Financed 05/22/2024
Summary
NEW YORK
Asset Type:Commercial
Price Per Square Foot:$825
Total Square Footage:7,273 SF
Transaction Type:Loan
The property involved in the transaction is a retail and commercial condo with a total area of 7,273 square feet located at 408 Greenwich Street in Tribeca, Manhattan. The loan amount for this refinance deal was $6,000,000 provided by Interaudi Bank.
Summary of transaction details:
- Property Type: Retail & Commercial Condo
- Transaction Amount: $6,000,000
- Market: Tribeca, Manhattan
- Address: 408 Greenwich Street
- Lender: Interaudi Bank
- Landlord: Elizabeth McDonald
- Landlord's Representative: 387 Kings Highway LLC
Elizabeth McDonald, represented by 387 Kings Highway LLC, successfully secured a $6 million refinance loan from Interaudi Bank for two properties, which include retail and commercial condominium units at 408 Greenwich Street in Tribeca, Manhattan.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,000,000.00
Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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