Lionheart Strategic Management And Centennial Bank Provide $142M Loan For Development Site In Sleepy Hollow
FINANCED
$142,000,000
New York
See Similar DealsDevelopment Site
Financed 09/08/2022
FINANCED
Lionheart Strategic Management And Centennial Bank Provide $142M Loan For Development Site In Sleepy Hollow
4 Lighthouse Landing, Sleepy Hollow, New York 10591, United States
See Similar DealsDevelopment Site
Financed 09/08/2022
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
A development site located at 4 Lighthouse Landing in Sleepy Hollow has recently been involved in a closed transaction. The property, which is categorized as a development site, consists of 100 units. The transaction took place on September 8, 2022. The loan amount for this transaction was $142,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $142,000,000
- Address: 4 Lighthouse Landing
- Market: Sleepy Hollow
- Units: 100
Involved in the transaction were Lionheart Strategic Management, represented by Andy Klein, and Centennial Bank, who served as the lenders. Biddle Real Estate Ventures, represented by Peter Chavkin, and PCD Development, represented by Jon Stein, were the landlords.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$142,000,000.00
Monthly NOI$946,666.67
Monthly Debt Service$897,536.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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