Titan Capital Provides $4.25M Acquisition Loan For Development Site In Bronx
FINANCED
$4,250,000
+ 1
New York
See Similar DealsCommercial40,564 SF
Financed 04/18/2022
FINANCED
Titan Capital Provides $4.25M Acquisition Loan For Development Site In Bronx
763 Concourse Village West
See Similar DealsCommercial40,564 SF
Financed 04/18/2022
+ 1
Summary
NEW YORK
Asset Type:Commercial
Price Per Square Foot:$104
Total Square Footage:40,564 SF
Transaction Type:Loan
A development site located at 763 Concourse Village W. in Bronx has been involved in a recent closed transaction. The property has a building square footage (BSF) of 40,564 and is classified as a development site.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,250,000
- Date: 04/18/2022
- Market: Bronx
- Image: Peter Cohen
- Lender: Titan Capital
- Landlord: Greg Harvey
- Broker: Peter Cohen - Leviathan Capital
The loan, totaling $4,250,000, was provided by Titan Capital for the acquisition of the property. Greg Harvey serves as the landlord, while Peter Cohen from Leviathan Capital acted as the broker in this transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,250,000.00
Monthly NOI$28,333.33
Monthly Debt Service$26,862.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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