Zions Bank Provides $121.4M Construction Loan For Mt Eden Industrial Property
FINANCED
$121,400,000
New York
See Similar DealsIndustrial78,450 SF
Financed 08/01/2021
FINANCED
Zions Bank Provides $121.4M Construction Loan For Mt Eden Industrial Property
1504 Macombs Road, Mount Eden, Bronx, NY, USA
See Similar DealsIndustrial78,450 SF
Financed 08/01/2021
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$1,547
Total Square Footage:78,450 SF
Transaction Type:Loan
The industrial property located at 1504 Macombs Road in Mt Eden has been involved in a recent transaction. The property spans a total of 78,450 square feet and is situated in the Mt Eden market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $121,400,000
Zions Bank provided a construction loan of $121,400,000 for the project. KIPP NYC serves as the landlord for the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$121,400,000.00
Monthly NOI$809,333.33
Monthly Debt Service$767,330.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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