Naftali Group Refinances Mixed-Use Property In Financial District For $48M
FINANCED
$48,000,000
New York
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Financed
FINANCED
Naftali Group Refinances Mixed-Use Property In Financial District For $48M
8 Carlisle St New York, Ny 10006, Usa
See Similar DealsDevelopment Site
Financed
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
The mixed-use property located at 8 Carlisle Street in the Financial District of Manhattan has undergone a refinancing transaction. The loan, in the amount of $48,000,000, was facilitated by Naftali Group, serving as the lender. The property is owned by Grubb Properties.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $48,000,000
- Address: 8 Carlisle Street, Financial District, Manhattan
- Lender: Naftali Group
- Landlord: Grubb Properties
- Brokers: Brandon Serota, Morris Betesh & Omar Ferreira - Meridian Capital Group
- Loan Type: Refinance
The transaction was facilitated by Brandon Serota, Morris Betesh, and Omar Ferreira from the Meridian Capital Group, representing the parties involved in the deal.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$48,000,000.00
Monthly NOI$320,000.00
Monthly Debt Service$303,392.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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