Island Federal Credit Union Provides $1.2M Loan For Industrial Property In Brooklyn
FINANCED
$1,200,000
New York
See Similar DealsIndustrial8,794 SF
Financed 11/06/2020
FINANCED
Island Federal Credit Union Provides $1.2M Loan For Industrial Property In Brooklyn
137 Liberty Avenue
See Similar DealsIndustrial8,794 SF
Financed 11/06/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$136
Total Square Footage:8,794 SF
Transaction Type:Loan
The industrial property located at 137 Liberty Avenue in Brooklyn has recently been involved in a loan transaction. The property spans 8,794 square feet and is owned by McNelly Enterprises.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,200,000
- Loan Lender: Island Federal Credit Union
- Landlord: McNelly Enterprises
- Broker: James Hansen, Highcap Group
- Loan Terms: 5 year fixed at 3.5%
The loan for this property was provided by Island Federal Credit Union. James Hansen from Highcap Group represented the parties involved in this deal. The agreed loan amount was $1,200,000 with a fixed term of 5 years at an interest rate of 3.5%.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,200,000.00
Monthly NOI$8,000.00
Monthly Debt Service$7,584.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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