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Moshe Braver Secures $155 Million Refinance Loan From Arbor Realty Trust For Development Site In Jamaica Queens
FINANCED
$155,000,000
New York
See Similar DealsDevelopment Site
Financed 02/28/2025
FINANCED
Moshe Braver Secures $155 Million Refinance Loan From Arbor Realty Trust For Development Site In Jamaica Queens
147 35 95th Avenue
See Similar DealsDevelopment Site
Financed 02/28/2025
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
The transaction involves a development site located at 147-35 95th Avenue in Jamaica, Queens. The site encompasses 488,327 square feet and is associated with a refinance loan amounting to $155,000,000. The property is intended for a residential project featuring 521 units.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $155,000,000
- Asset Size: 488,327 BSF
- Lender: Ivan Kaufman - Arbor Realty Trust
- Landlord: Moshe Braver
- Loan Type: Refinance
This refinance loan was secured by Moshe Braver’s Sutphin Boulevard Equities LLC from Arbor Realty Trust, indicating a significant financial engagement for the development project at the specified location.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$155,000,000.00
Monthly NOI$1,033,333.33
Monthly Debt Service$979,705.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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