Jake Soodek Of Hirshmark Capital Provides $6 Million Refinance Loan For Biordi Family Property
FINANCED
$6,000,000
New York
See Similar DealsIndustrial
Financed 04/10/2026
FINANCED
Jake Soodek Of Hirshmark Capital Provides $6 Million Refinance Loan For Biordi Family Property
18-14 130th Street, 34-38 41st Street & 34-31 Steinway Street
See Similar DealsIndustrial
Financed 04/10/2026
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Loan
The deal involves properties located at 18-14 130th Street, 34-38 41st Street & 34-31 Steinway Street in the College Point & Astoria market. The assets encompass a mix of Industrial, Multifamily, and Office types. The total loan amount for this refinancing transaction is $6,000,000.
Summary of transaction details:
- Property Type: Industrial, Multifamily & Office
- Transaction Amount: $6,000,000
- Lender: Jake Soodek - Hirshmark Capital
- Landlord: Biordi Family
- Brokers: Adam Brostovski - GCP Capital Group & Anand Melwani - Landair Advisors
Key individuals involved in the transaction include Jake Soodek, representing the lending side, and the Biordi Family as the landlords. The brokerage representation comes from Adam Brostovski of GCP Capital Group and Anand Melwani of Landair Advisors, facilitating the refinancing process.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,000,000.00
Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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