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Ridgecut Road Secures $20 Million Loan From Catal Group For Development Site In Montgomery
FINANCED
$20,000,000
New York
See Similar DealsDevelopment Site
Financed 03/17/2025
FINANCED
Ridgecut Road Secures $20 Million Loan From Catal Group For Development Site In Montgomery
14 Moosilauke Dr
See Similar DealsDevelopment Site
Financed 03/17/2025
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
The asset involved in the transaction is a development site located at 14 Moosilauke Dr in the Montgomery market. The property is associated with a construction loan amounting to $20,000,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,000,000.00
- Lender: Catal Group
- Landlord: Ridgecut Road
- Loan Type: Construction
- Loan Date: 03/17/2025
This transaction involves key individuals and entities including the lender, Catal Group, and the landlord, Ridgecut Road, who are integral to the agreement regarding the construction financing of the development site.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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