Sage Usher's Ushjo Provides $3M Bridge Loan For Industrial Property At 127 12th Street, Gowanus
FINANCED
$3,000,000
New York
See Similar DealsIndustrial37,000 SF
Financed 12/18/2023
FINANCED
Sage Usher's Ushjo Provides $3M Bridge Loan For Industrial Property At 127 12th Street, Gowanus
127 12th Street
See Similar DealsIndustrial37,000 SF
Financed 12/18/2023
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$81
Total Square Footage:37,000 SF
Transaction Type:Loan
The industrial property located at 127 12th Street in Gowanus has been involved in a recent loan transaction. The property spans approximately 37,000 square feet and is situated in the Gowanus market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Lender: Sage Usher - Ushjo
- Landlord: Vito Dimaio
- Broker: David Weinstein - Brookshire Finance & Advisory
Sage Usher, representing Ushjo, served as the lender for the loan transaction. The loan amount extended for this deal was $3,000,000 and was of the bridge loan type. Vito Dimaio holds the position of the landlord for the property, while David Weinstein, from Brookshire Finance & Advisory, acted as the broker in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,000,000.00
Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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