Integritas Capital Provides $18M Refinance Loan To New Empire Corp For Development Site In Woodside
FINANCED
$20,000,000
New York
See Similar DealsDevelopment Site130,000 SF
Financed 02/21/2025
FINANCED
Integritas Capital Provides $18M Refinance Loan To New Empire Corp For Development Site In Woodside
58 01 Queens Boulevard
See Similar DealsDevelopment Site130,000 SF
Financed 02/21/2025
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$153
Total Square Footage:130,000 SF
Transaction Type:Loan
The property asset involved is a development site located at 58-01 Queens Boulevard, Woodside, comprising a total area of 130,000 square feet. The loan amount facilitated for this property is $18,000,000, with the loan type classified as refinance.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $18,000,000
- Lender: Integritas Capital
- Lender's Representative: Stephen Palmese
- Landlord: New Empire Corp
- Broker: Keith Reich
- Broker's Agency: MSCO Capital Advisors
This transaction reflects a collaboration between several key figures in the financial and real estate sectors. The lender involved, Integritas Capital, represented by Stephen Palmese, has facilitated this refinance arrangement. Keith Reich from MSCO Capital Advisors acted as the broker for New Empire Corp in this deal.
Players
LENDER
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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