Andrew Waldman's 360 Capital Funding Provides $20.3M Acquisition & Rehab Loan For Greenpoint Retail Property
FINANCED
$20,300,000
New York
See Similar DealsIndustrial30,000 SF
Financed 10/26/2023
FINANCED
Andrew Waldman's 360 Capital Funding Provides $20.3M Acquisition & Rehab Loan For Greenpoint Retail Property
12 Franklin Street
See Similar DealsIndustrial30,000 SF
Financed 10/26/2023
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$676
Total Square Footage:30,000 SF
Transaction Type:Loan
Located at 12 Franklin Street in Greenpoint, Brooklyn, this retail property spans 30,000 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $20,300,000
- Address: 12 Franklin Street
- Market: Greenpoint, Brooklyn
- Lender: Andrew Waldman - 360 Capital Funding
- Broker: Charles Yellen - HKS Real Estate Advisors
- Loan Type: Acquisition & Rehab
The lenders involved in this transaction are Andrew Waldman from 360 Capital Funding, who facilitated the loan of $20,300,000 for the acquisition and rehabilitation of the property. Charles Yellen from HKS Real Estate Advisors represented both parties as the broker in this deal.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,300,000.00
Monthly NOI$135,333.33
Monthly Debt Service$128,309.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions