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8 Carlisle Street

Meridian Capital Group Brokers $67.5M Refinance Loan At 8 Carlisle Street
FINANCEDDevelopment Site

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:

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

Brandon Serota

Arrow Real Estate Advisors

Broker

$644.4M

vol

14 deals

Broker
Maxim Capital Group
Maxim Capital GroupLender

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