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Carlyle Group And Z&G Property Group Refinance 74-unit Condo In Brooklyn For $33.6M
FINANCED
$33,600,000
New York
See Similar DealsCondo78,023 SF
Financed 05/21/2026
FINANCED
Carlyle Group And Z&G Property Group Refinance 74-unit Condo In Brooklyn For $33.6M
75 Clinton Street
See Similar DealsCondo78,023 SF
Financed 05/21/2026
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$430
Total Square Footage:78,023 SF
Transaction Type:Loan
A 74-unit rental condo located at 75 Clinton Street in Brooklyn Heights, covering a square footage of 78,023, was involved in a refinancing transaction. The refinancing amounted to $33.6 million and was facilitated by the lender Walker & Dunlop, replacing a previous loan of $38.6 million held by TD Bank.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $33,600,000
- Address: 75 Clinton Street
- Market: Brooklyn
- Lender: Walker & Dunlop
- Landlord: Harvey M. Schwartz - Carlyle Group; Jay Greenberg & David Cohen - Z+G Property Group
- Previous Loan Amount: $38,600,000
Through 75 Clinton Street Owner LLC, Carlyle Group and Z+G Property Group completed this refinancing deal, highlighting the collaborative effort between these entities in securing new financing for the property.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$33,600,000.00
Monthly NOI$224,000.00
Monthly Debt Service$212,374.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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