Updated Feb 16, 2024
BEB Lending Provides $2.2M Loan For Plainview Industrial Property
161 East Ames Court, Plainview, NY, USA
$2,200,000
Building Size
—
Asset Type
Industrial
Closing
Jan 31, 2021
About this deal
AI
161 E. Ames in Plainview is the location of a recent closed property transaction. This industrial property was involved in the deal, which took place on 02/01/2021. The loan for this transaction was provided by Lee Brodsky, Keyvan Ghaytanchi, and Sean Silverbrook from BEB Lending, with a total amount of $2,200,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,200,000
Lending support for this transaction came from Lee Brodsky, Keyvan Ghaytanchi, and Sean Silverbrook of BEB Lending. The involvement of these individuals highlights their significant role in the deal.
Players
Plainview Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93