Daily limit: 0/10
Sycamore Birch Management Secures Development Site Construction Loan In West Farms$req39.1M
FINANCED
$39,100,000
New York
See Similar DealsDevelopment Site
Financed 01/23/2024
FINANCED
Sycamore Birch Management Secures Development Site Construction Loan In West Farms$req39.1M
864 Bronx Park South
See Similar DealsDevelopment Site
Financed 01/23/2024
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
The development site located at 864 Bronx Park South in West Farms, Bronx, with a building square footage of 65,940 and comprising 82 units, secured a $39.1 million new construction loan from Webster Bank for development.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $39,100,000
- Address: 864 Bronx Park South
- Market: West Farms, Bronx
- Lender: Webster Bank - Glenn P. Lunde
- Landlord: Peter Bourbeau & Mark Bourbeau - Sycamore Birch Management
- Loan Type: Construction
Sycamore Birch Management, represented by Peter Bourbeau and Mark Bourbeau, facilitated the procurement of the $39.1 million construction loan from Webster Bank for the 82-unit development at 864 Bronx Park South in West Farms, Bronx.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$39,100,000.00
Monthly NOI$260,666.67
Monthly Debt Service$247,138.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions