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Samuel Charney Of Charney Companies Secures $85M Construction Loan From Madison Realty Capital In Fort Greene
FINANCED
$85,000,000
New York
See Similar DealsDevelopment Site
Financed 05/02/2025
FINANCED
Samuel Charney Of Charney Companies Secures $85M Construction Loan From Madison Realty Capital In Fort Greene
95 Rockwell Place
See Similar DealsDevelopment Site
Financed 05/02/2025
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
95 Rockwell Place is a development site located in Fort Greene, Brooklyn, encompassing 60,300 square feet. The property is part of a broader project aimed at delivering 182 condominium units.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $85,000,000
- Lender: Brian Shatz & Josh Zegen - Madison Realty Capital
- Landlord: Samuel Charney - Charney Companies
- Loan Type: Construction
Samuel Charney from Charney Companies secured the construction loan, facilitating the development project at the specified address. This financial arrangement was made with Madison Realty Capital, represented by Brian Shatz and Josh Zegen.
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
$85,000,000.00
Monthly NOI$566,666.67
Monthly Debt Service$537,257.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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