Waterman Capital Bank Provides $4.1M Refinance Loan For Carroll Gardens Industrial Property
FINANCED
$4,100,000
New York
See Similar DealsIndustrial13,300 SF
Financed 07/25/2022
FINANCED
Waterman Capital Bank Provides $4.1M Refinance Loan For Carroll Gardens Industrial Property
100 Huntington Street
See Similar DealsIndustrial13,300 SF
Financed 07/25/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$308
Total Square Footage:13,300 SF
Transaction Type:Loan
The industrial property located at 100 Huntington St. in Carroll Gardens has recently undergone a refinance transaction. The property spans approximately 13,300 square feet and is owned by Shlomo Ariel.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,100,000
- Address: 100 Huntington St.
- Market: Carroll Gardens
- Lender: Waterman Capital Bank
- Landlord: Shlomo Ariel
- Brokers: Russell Nova & Sean Kuts - Cornerstone Capital
- Loan Type: Refinance
- Loan Terms: 10 Year Fixed / 4.00% Rate / 25 Year Amortization
Cornerstone Capital, represented by brokers Russell Nova and Sean Kuts, successfully secured a refinance loan for this industrial asset. Despite the current high interest rate environment and many lenders being cautious with financing, Cornerstone Capital was able to obtain financing with maximum leverage (75% Loan-to-Value) at a rate of 4.00% with a 10-year fixed term and a 25-year amortization schedule. Cornerstone Capital has been actively providing value-add financing for industrial properties, both for purchase and refinance purposes. For financing options on your next industrial or commercial property, you can contact Cornerstone Capital at the following:
Nova, Principal
Cornerstone Capital of NY
Cell: 917-559-1820
Email: [email protected]
Website: www.CSG-NY.com
Sean Kuts, Senior Relationship Manager
Cornerstone Capital of NY
Cell: 347-585-5212
Email: [email protected]
Website: www.CSG-NY.com
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,100,000.00
Monthly NOI$27,333.33
Monthly Debt Service$25,914.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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