Cerberus Capital Management Provides $90M Loan For Industrial Property In Hunts Point
FINANCED
$90,000,000
New York
See Similar DealsIndustrial150,848 SF
Financed 04/06/2022
FINANCED
Cerberus Capital Management Provides $90M Loan For Industrial Property In Hunts Point
1132 Oak Point Avenue, The Bronx, New York 10474, United States
See Similar DealsIndustrial150,848 SF
Financed 04/06/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$596
Total Square Footage:150,848 SF
Transaction Type:Loan
The property asset involved in the transaction is an industrial facility located at 1132 Oak Point Avenue in Hunts Point. The total square footage of the asset is 150,848, with a loan amount of $90,000,000 provided by Cerberus Capital Management. The landlord for this property is Innovo Property Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $90,000,000
- Address: 1132 Oak Point Avenue
- Market: Hunts Point
- Asset Size: 150,848 SF
- Lender: Cerberus Capital Management
- Landlord: Innovo Property Group
The key individuals and companies involved in this deal include Cerberus Capital Management as the lender and Innovo Property Group as the landlord of the property. No other parties are mentioned in relation to this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$90,000,000.00
Monthly NOI$600,000.00
Monthly Debt Service$568,861.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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