Meridian Capital Group Brokers $67.5M Refinance Loan At 8 Carlisle Street
8 Carlisle Street
$67,500,000
Building Size
—
Asset Type
Development Site
Closing
May 8, 2024
AI
Located in the Financial District of Manhattan, the property at 8 Carlisle Street is a development site with a buildable square footage of 326,338.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $67,500,000
- Lender: Josh Green, Adam Glick & Billy Haber - Maxim Capital Group
- Brokers: Omar Ferreira, Morris Betesh & Brandon Serota - Meridian Capital Group
- Loan Type: Refinance
The deal was facilitated by a team of experienced professionals. The lenders, Josh Green, Adam Glick, and Billy Haber from Maxim Capital Group, provided the $67,500,000 refinance loan. On the other side, the brokers, Omar Ferreira, Morris Betesh, and Brandon Serota from Meridian Capital Group, played a crucial role in connecting the parties involved in the transaction.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93