Orange Management Secures $42.1M Loan From Bank Of The Ozarks In Brooklyn
FINANCED
$42,100,000
New York
See Similar DealsCommercial
Financed 02/22/2018
FINANCED
Orange Management Secures $42.1M Loan From Bank Of The Ozarks In Brooklyn
70 Schermerhorn St, Brooklyn, NY, 11...
See Similar DealsCommercial
Financed 02/22/2018
Summary
NEW YORK
Asset Type:Commercial
Transaction Type:Loan
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:
- Property Type: Commercial
- Transaction Amount: $42,100,000.00
- Address: 70 Schermerhorn St, Brooklyn, NY
- Market: Brooklyn
- Borrower's Representative: Mark Fisher(CBRE)
- Borrower: Orange Management
- Lender: Bank of the Ozarks
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,100,000.00
Monthly NOI$280,666.67
Monthly Debt Service$266,100.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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