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Elichai Pariente Of EMP Capital Group Secures $39.8M Refinance Loan For Condos In Brooklyn
FINANCED
$39,800,000
New York
See Similar DealsCondo
Financed 04/30/2025
FINANCED
Elichai Pariente Of EMP Capital Group Secures $39.8M Refinance Loan For Condos In Brooklyn
979 Pacific Street
See Similar DealsCondo
Financed 04/30/2025
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Loan
979 Pacific Street is a commercial condo located in the Crown Heights neighborhood of Brooklyn. The asset encompasses three condo units and has been refinanced for a total loan amount of $39.8 million.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $39,800,000
- Lender: JLL
- Landlord: Elichai Pariente - EMP Capital Group
- Loan Type: Refinance
EMP Grand Pacific LLC, an affiliate of EMP Capital Group, is involved in securing the refinancing through JLL Real Estate Capital, highlighting the active role of Elichai Pariente in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$39,800,000.00
Monthly NOI$265,333.33
Monthly Debt Service$251,563.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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