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Bogopa Enterprises Refinances $90M Loan With KeyBank For 1100 Myrtle Avenue Condo Units

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FINANCED
$90,000,000

New York

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Condo303,144 SF
Financed 10/07/2025
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Property Image
FINANCED

Bogopa Enterprises Refinances $90M Loan With KeyBank For 1100 Myrtle Avenue Condo Units

1100 Myrtle Avenue

See Similar Deals
Condo303,144 SF
Financed 10/07/2025
Contact now

Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$296
Total Square Footage:303,144 SF
Transaction Type:Loan

The property asset involved in the context is a commercial condo located at 1100 Myrtle Avenue, Bedford Stuyvesant, Brooklyn. The asset consists of three commercial condo units within a 233-unit mixed-use building, covering a total square footage of 303,144. The property has undergone refinancing for a loan amount of $90,000,000 through KeyBank.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $90,000,000
  • Lender: KeyBank
  • Landlord: Francis An - Bogopa Enterprises
  • Loan Type: Refinance
  • Address: 1100 Myrtle Avenue
  • Market: Bedford Stuyvesant, Brooklyn

The deal involved Bogopa Enterprises, led by landlord Francis An, who facilitated the refinancing of the property through KeyBank. This transaction represents a strategic financial move for the ownership of the mixed-use building, allowing them to leverage the asset in a competitive market.

Players

LENDER


Details

FINANCED
IMAGE: 10/07/2025 ADDRESS: 1100 Myrtle Avenue MARKET: Bedford Stuyvesant, Brooklyn ASSET TYPE: Condo ~ SF: 303,144 LENDER: KeyBank LANDLORD: Francis An - Bogopa Enterprises LOAN AMOUNT: $90,000,000 LOAN TYPE: Refinance NOTE: Bogopa Enterprises refinanced $90M with KeyBank for three commercial condo units at 1100 Myrtle Ave, a 233-unit mixed-use building in Bed-Stuy.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$90,000,000.00

Monthly NOI$600,000.00
Monthly Debt Service$568,861.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00