PSG Lending Provides $5.7M Loan For Development Site In Brooklyn
FINANCED
$5,700,000
New York
See Similar DealsDevelopment Site13,000 SF
Financed 02/18/2021
FINANCED
PSG Lending Provides $5.7M Loan For Development Site In Brooklyn
237 Rutland Road, Brooklyn, NY, USA
See Similar DealsDevelopment Site13,000 SF
Financed 02/18/2021
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$438
Total Square Footage:13,000 SF
Transaction Type:Loan
An HTML-formatted article is not provided in the CONTEXT.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $5,700,000
- Address: 237 Rutland Road, Brooklyn
- Market: Brooklyn
- Asset Type: Development site
- Building Square Footage: 13,000
This transaction involves a development site located at 237 Rutland Road in Brooklyn. The property spans 13,000 square feet and was valued at $5,700,000. The development site is owned by Croxdale Real Estate, represented by Nigel Boyden. The loan for this transaction was provided by PSG Lending, with Elliot Berlin serving as the lender's representative. The broker involved in this deal is Eric Gleitman from Mercury Capital Markets.
Please note that no additional details were provided in the CONTEXT.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,700,000.00
Monthly NOI$38,000.00
Monthly Debt Service$36,027.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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