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Integritas Capital Provides $25.3 Million Refinance For 27-Story Development Site In Fort Greene
FINANCED
$25,300,000
New York
See Similar DealsDevelopment Site
Financed 01/06/2026
FINANCED
Integritas Capital Provides $25.3 Million Refinance For 27-Story Development Site In Fort Greene
144 Saint Felix Street
See Similar DealsDevelopment Site
Financed 01/06/2026
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
The asset involved in the transaction is a development site located at 144 Saint Felix Street in the Fort Greene market. The loan for this property amounts to $25,300,000 and is classified as a refinance type loan. The development project includes plans for a 27-story rental tower comprising 240 units, which will feature 60 permanent affordable units.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $25,300,000
- Lender: Integritas Capital
- Landlord: Paul Jensen & Harry Einhorn - Strekte
- Loan Type: Refinance
The involved parties in this transaction include Integritas Capital, the lender facilitating the refinance for the development site, and Strekte, represented by Paul Jensen and Harry Einhorn, who are overseeing the project's execution and development plans for the rental tower.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,300,000.00
Monthly NOI$168,666.67
Monthly Debt Service$159,913.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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