Jake Soodek Of Hirshmark Capital Provides $4.75M Refinance Loan For Dimaio Family's Property
FINANCED
$4,750,000
New York
See Similar DealsIndustrial
Financed
FINANCED
Jake Soodek Of Hirshmark Capital Provides $4.75M Refinance Loan For Dimaio Family's Property
127 12th Street
See Similar DealsIndustrial
Financed
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Loan
The asset involved in this transaction is an industrial property located at 127 12th Street, Brooklyn. The total loan amount secured for this property is $4,750,000, classified as a refinance loan. Additionally, this loan is collateralized by another industrial building at 38 Lancaster Road, Beacon Falls, CT, comprising 35,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,750,000
- Lender: Jake Soodek - Hirshmark Capital
- Landlord: Dimaio Family
- Landlord's Representative: James Murad & Adam Hakim - Ripco
This transaction involves notable individuals such as Jake Soodek, who represents Hirshmark Capital as the lender. The landlord, Dimaio Family, is represented by James Murad and Adam Hakim from Ripco, facilitating the refinancing process for the property at 127 12th Street.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,750,000.00
Monthly NOI$31,666.67
Monthly Debt Service$30,023.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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