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70 Schermerhorn St, Brookly...

Orange Management Secures $42.1M Loan From Bank Of The Ozarks In Brooklyn
FINANCEDCommercial

Orange Management Secures $42.1M Loan From Bank Of The Ozarks In Brooklyn

70 Schermerhorn St, Brooklyn, NY, 11...

$42,100,000

Building Size

Asset Type

Commercial

Closing

Feb 22, 2018

AI

The commercial property located at 70 Schermerhorn St, Brooklyn, NY, 11... has been involved in a loan transaction dated February 22, 2018. The borrower, Orange Management, secured a loan amount of $42,100,000.00 from Bank of the Ozarks for this property in Brooklyn.

Summary of transaction details:

Mark Fisher from CBRE represented Orange Management as the borrower's representative in this transaction, facilitating the loan agreement with Bank of the Ozarks. The commercial property's financial dealings were structured with the oversight of these key individuals and companies.

Players

Mark Fisher

CBRE

Broker

$1.6B

vol

9 deals

Broker
Bank of the Ozarks
Bank of the OzarksLender

Brooklyn Commercial Market Snapshot

Boundary boundary · Commercial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.38%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93