JPMorgan Chase Provides $364M Loan For Development Site At 346 Kent Avenue In Brooklyn
FINANCED
$364,000,000
New York
See Similar DealsDevelopment Site
FINANCED
JPMorgan Chase Provides $364M Loan For Development Site At 346 Kent Avenue In Brooklyn
346 Kent Avenue, Brooklyn, New York 11249, United States
See Similar DealsDevelopment Site
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
A development site located at 346 Kent Avenue in Brooklyn has been involved in a closed transaction. The property, owned by Two Trees Management and represented by Jed Walentas, has attracted attention in the market. The loan for this transaction was provided by JPMorgan Chase, amounting to $364,000,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $364,000,000
- Address: 346 Kent Avenue
- Market: Brooklyn
- Lender: JPMorgan Chase
- Landlord: Two Trees Management - Jed Walentas
This transaction involves the collaboration of Two Trees Management, represented by Jed Walentas, and JPMorgan Chase as the lender. The property, located at 346 Kent Avenue in Brooklyn, is a development site that holds potential in the market.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$364,000,000.00
Monthly NOI$2,426,666.67
Monthly Debt Service$2,300,727.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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