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Jack Phillips Of Largo Real Estate Advisors Secures $4.59M Loan For Buffalo Commercial Property
FINANCED
$4,590,000
New York
See Similar DealsCommercial
Financed 04/10/2026
FINANCED
Jack Phillips Of Largo Real Estate Advisors Secures $4.59M Loan For Buffalo Commercial Property
55 East Huron Street
See Similar DealsCommercial
Financed 04/10/2026
Summary
NEW YORK
Asset Type:Commercial
Transaction Type:Loan
The asset involved in this transaction is a commercial property located at 55 East Huron Street in Buffalo. This property features an anchor tenant, a brewery taproom that significantly contributes to foot traffic. Additionally, the property includes a parking garage which provides supplemental income and adds to its value.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $4,590,000
- Broker: Jack Phillips - Largo Real Estate Advisors
Jack Phillips of Largo Real Estate Advisors played a key role in this deal by securing a permanent first mortgage for the property, amounting to $4.59 million. His involvement highlights the expertise and support provided by the brokerage in facilitating this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,590,000.00
Monthly NOI$30,600.00
Monthly Debt Service$29,011.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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