Aview Equities Secures $46M Construction Financing For Development Site In Windsor Terrace, Brooklyn
FINANCED
$46,000,000
New York
See Similar DealsDevelopment Site130,569 SF
Financed 06/22/2020
FINANCED
Aview Equities Secures $46M Construction Financing For Development Site In Windsor Terrace, Brooklyn
57 Caton Place
See Similar DealsDevelopment Site130,569 SF
Financed 06/22/2020
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$352
Total Square Footage:130,569 SF
Transaction Type:Loan
The development site located at 57 Caton Place & 23 Ocean Parkway in Windsor Terrace, Brooklyn, has secured a construction financing loan amounting to $46,000,000. The loan is facilitated by G4 Capital Partners to fund the development project on the site.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $46,000,000
- Lender: G4 Capital Partners
- Landlord: Aview Equities - Abraham Leifer
- Broker: Solomon Franco - JSF Capital
- Loan Type: Construction Financing
This transaction involves key players in the real estate and finance sectors. Abraham Leifer represents Aview Equities in the capacity of landlord, while Solomon Franco represents JSF Capital as the broker facilitating the financing arrangement.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$46,000,000.00
Monthly NOI$306,666.67
Monthly Debt Service$290,751.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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