Black Bear Capital Partners ("BBCP") has successfully arranged $4.26M Loan For Stony Brook Development Site
FINANCED
$4,260,000
New York
See Similar DealsDevelopment Site
Financed
FINANCED
Black Bear Capital Partners ("BBCP") has successfully arranged $4.26M Loan For Stony Brook Development Site
1266 North Country Road
See Similar DealsDevelopment Site
Financed
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
A loan has been arranged for a 12.97-acre development site located at 1266 North Country Road in Stony Brook, NY. The property's current market is Stony Brook, and it is owned by Stony Brook Meadows.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,260,000
- Loan Type: Refinance
- Loan Terms: 24-month initial term, full term interest only, capitalized interest reserve, attractive fixed rate, flexible prepay
- Capital Markets Advisor: Brandon Harris - Black Bear Capital Partners
Brandon Harris from Black Bear Capital Partners played a key role in successfully arranging this financing for the development site.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,260,000.00
Monthly NOI$28,400.00
Monthly Debt Service$26,926.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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