Daily limit: 0/10
Bill Wolf Petroleum Refinances Yorkville Industrial Building At 1855 1st Avenue For $8.5M
FINANCED
$8,500,000
New York
See Similar DealsIndustrial
Financed
FINANCED
Bill Wolf Petroleum Refinances Yorkville Industrial Building At 1855 1st Avenue For $8.5M
1855 1st Avenue
See Similar DealsIndustrial
Financed
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Loan
An industrial building located at 1855 1st Avenue in Yorkville, Manhattan, has undergone a refinancing transaction. The loan amount for this asset was $8,500,000 and was facilitated by TD Bank, replacing a prior debt of $11,000,000.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $8,500,000
- Lender: TD Bank
- Landlord: Bill Wolf - Petroleum
- Previous Debt: $11,000,000
- Loan Type: Refinance
Bill Wolf Petroleum Corp. is responsible for the ownership of the industrial building at 1855 1st Avenue and engaged in this refinancing to improve financial terms. The deal specifically indicates a shift from previous financing arrangements to achieve a more favorable loan structure.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,500,000.00
Monthly NOI$56,666.67
Monthly Debt Service$53,725.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions