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Jyotiben Panwala Refinances Hotel With $8M Loan In Greenwood Heights, Brooklyn
FINANCED
$8,000,000
New York
See Similar DealsHotel
Financed 04/25/2024
FINANCED
Jyotiben Panwala Refinances Hotel With $8M Loan In Greenwood Heights, Brooklyn
137 33rd Street & 147 33rd Street
See Similar DealsHotel
Financed 04/25/2024
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Loan
The hotel building located at 137-147 33rd Street in Greenwood Heights, Brooklyn, was the subject of a $8 million refinance loan secured by Jyotiben Panwala's entity, 33rd St Bpm Brooklyn LLC. The lender for this transaction was Dime Community Bank.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $8,000,000
- Landlord: Jyotiben Panwala
- Address: 137-147 33rd Street
- Market: Greenwood Heights, Brooklyn
- Lender: Dime Community Bank
- Loan Type: Refinance
Jyotiben Panwala's entity, 33rd St Bpm Brooklyn LLC, successfully secured the $8 million refinance loan from Dime Community Bank for the hotel building situated at 137-147 33rd Street in Greenwood Heights, Brooklyn.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,000,000.00
Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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