Morris Betesh, Brandon Serota & Omar Ferreira Of Arrow Real Estate Advisors Secures $106.7M Loan For Downtown Manhattan Development Site
FINANCED
$17,000,000
New York
See Similar DealsDevelopment Site1 SF
Financed
FINANCED
Morris Betesh, Brandon Serota & Omar Ferreira Of Arrow Real Estate Advisors Secures $106.7M Loan For Downtown Manhattan Development Site
Development Site1 SF
Financed
Summary
Asset Type:Development Site
Price Per Square Foot:$17000000
Total Square Footage:1 SF
Transaction Type:Loan
The property involved is a development site located in Downtown Manhattan, associated with a loan amount of $106,700,000. The asset is designated for development purposes and has secured a land loan type for financing.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $106,700,000
- Loan Type: Land
- Market: Downtown Manhattan
- Broker: Morris Betesh, Brandon Serota & Omar Ferreira - Arrow Real Estate Advisors
The key individuals in this transaction are Morris Betesh, Brandon Serota, and Omar Ferreira, representing Arrow Real Estate Advisors in this deal. Their involvement is essential in facilitating the transaction and coordinating the necessary agreements concerning the development site.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,000,000.00
Monthly NOI$113,333.33
Monthly Debt Service$107,451.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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