Emerald Creek Capital Provides $6.6 Million Loan For Development Site In Hell's Kitchen
FINANCED
$6,600,000
New York
See Similar DealsDevelopment Site
Financed
FINANCED
Emerald Creek Capital Provides $6.6 Million Loan For Development Site In Hell's Kitchen
411 West 55th Street
See Similar DealsDevelopment Site
Financed
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
The property asset involved in this transaction is a development site located at 411 West 55th Street in Hell's Kitchen, Manhattan. The loan amount secured for this property is $6,600,000, categorized as an acquisition loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,600,000
- Lender: Emerald Creek Capital
- Landlord: Pro H Development
- Brokers: James Murad, Adam Hakim, Michael Winter, Evan Brudnicki, and Alexander Korolik - Ripco
The key individuals involved in this deal include brokers James Murad, Adam Hakim, Michael Winter, Evan Brudnicki, and Alexander Korolik, who represent the parties in this transaction. They are affiliated with Ripco, a notable brokerage firm in the real estate market.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,600,000.00
Monthly NOI$44,000.00
Monthly Debt Service$41,716.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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