Rybak Development Secures $19M Loan From Bank Of Princeton In Brooklyn
FINANCED
$19,000,000
New York
See Similar DealsCondo
Financed 06/26/2017
FINANCED
Rybak Development Secures $19M Loan From Bank Of Princeton In Brooklyn
88 Withers St, New York, NY, 11211
See Similar DealsCondo
Financed 06/26/2017
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Loan
The property at 88 Withers St, New York, NY, 11211 in Brooklyn is a Condo. The loan for this property, dated 06/26/2017, amounted to $19,000,000.00 and was facilitated by the Bank of Princeton.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $19,000,000.00
- Address: 88 Withers St, New York, NY, 11211
- Market: Brooklyn
- Borrower: Rybak Development
- Borrower's Rep: Sean Robertson()
- Lender: Bank of Princeton
Sean Robertson represented Rybak Development in this loan agreement.
Players
LENDER
LENDER
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,000,000.00
Monthly NOI$126,666.67
Monthly Debt Service$120,092.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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