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Realterm Of Maryland Secures $118M Loan From JP Morgan For Queens Warehouse Development
FINANCED
$118,000,000
New York
See Similar DealsIndustrial
Financed 08/07/2023
FINANCED
Realterm Of Maryland Secures $118M Loan From JP Morgan For Queens Warehouse Development
154-33 Brookville Blvd Queens, NY 11422, USA
See Similar DealsIndustrial
Financed 08/07/2023
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Loan
Realterm, a Maryland-based company, has secured a $95 million building loan and a $23 million project loan from JPMorgan for a new warehouse development near JFK International Airport in Queens. The loan amount totals $118,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $118,000,000
- Lender: JP Morgan
- Landlord: Realterm of Maryland - Ben Andreycak & David Rose
- Address: 154-68 Brookville Boulevard, Queens
The deal involved Realterm, a Maryland-based company, and JPMorgan as the lender. Realterm, represented by Ben Andreycak & David Rose, acted as the landlord for the new warehouse development near JFK International Airport.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$118,000,000.00
Monthly NOI$786,666.67
Monthly Debt Service$745,840.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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