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Bank Hapoalim Provides $20M Loan To Hampshire Properties For East Flatbush Development Site

Property Image
FINANCED
$20,000,000

New York

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Development Site51,111 SF
Financed 08/11/2021
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Property Image
FINANCED

Bank Hapoalim Provides $20M Loan To Hampshire Properties For East Flatbush Development Site

2339 Nostrand Avenue, Brooklyn, NY, USA

See Similar Deals
Development Site51,111 SF
Financed 08/11/2021
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$391
Total Square Footage:51,111 SF
Transaction Type:Loan

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $20,000,000
  • Bank Lender: Bank Hapoalim
  • Landlord: Hampshire Properties
  • BSF: 51,111
  • Units: 59
  • Address: 2339 Nostrand Avenue, East Flatbush

Players

Bank Hapoalim (BHI)
Bank Hapoalim (BHI)
LENDER
HP
Hampshire Properties
LANDLORD

Details

FINANCED
IMAGE: 08/11/2021 ADDRESS: 2339 Nostrand Avenue MARKET: East Flatbush ASSET TYPE: Development Site LENDER: Bank Hapoalim LANDLORD: Hampshire Properties LOAN AMOUNT: $20,000,000 BSF: 51,111 UNITS: 59

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Deal Type
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