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Evan Petracca & Brett Goldman Refinance Industrial Development Site In College Point, Queens With $50M Loan From Centennial Bank

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FINANCED
$50,000,000
Tyler Peck
Geoff Goldstein
Rob Hinckley
+ 1

New York

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Development Site425,000 SF
Financed 12/18/2023
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Property Image
FINANCED

Evan Petracca & Brett Goldman Refinance Industrial Development Site In College Point, Queens With $50M Loan From Centennial Bank

30-02 Whitestone Expressway

See Similar Deals
Development Site425,000 SF
Financed 12/18/2023
Tyler Peck
Geoff Goldstein
Rob Hinckley
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$117
Total Square Footage:425,000 SF
Transaction Type:Loan

An industrial development site located at 30-02 Whitestone Expressway in College Point, Queens has recently undergone a refinancing transaction. The property spans a total of 425,000 square feet and is owned by Evan Petracca and Brett Goldman of Triangle Equities. The site is situated in the bustling market of College Point, Queens.

Summary of transaction details

  • Property Type: Industrial Development Site
  • Loan Amount: $50,000,000
  • Loan Type: Refinance
  • Lender: Centennial Bank

This financing deal was facilitated by the brokers Geoff Goldstein, Rob Hinckley, and Tyler Peck, who represented the owners Evan Petracca and Brett Goldman of Triangle Equities. JLL played a pivotal role in successfully securing the refinancing loan for this industrial development site in College Point, Queens.

Players

Geoff Goldstein
JLL
Geoff Goldstein
55 deals$7.9B volume
BROKER
Rob Hinckley
JLL
Rob Hinckley
81 deals$11.6B volume
BROKER
Tyler Peck
JLL
Tyler Peck
22 deals$3.5B volume
BROKER
Centennial Bank
Centennial Bank
LENDER
EP
Triangle Equities
Evan Petracca
2 deals$82M volume
LANDLORD
Triangle Equities
Triangle Equities
LANDLORD

Details

FINANCED
IMAGE: Rob Hinckley, Evan Petracca, Geoff Goldstein, Brett Goldman & Tyler Peck DATE: 12/18/2023 ADDRESS: 30-02 Whitestone Expressway MARKET: College Point, Queens ASSET TYPE: Industrial Development Site ~ SF: 425,000 LENDER: Centennial Bank LANDLORD: Evan Petracca & Brett Goldman - Triangle Equities BROKERS: Geoff Goldstein, Rob Hinckley & Tyler Peck - JLL (@JLL) LOAN AMOUNT: $50,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$50,000,000.00

Monthly NOI$333,333.33
Monthly Debt Service$316,034.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00