BEB Lending Provides $3.5M Bridge Loan For Industrial Properties In Gowanus, Brooklyn
FINANCED
$3,500,000
+ 1
New York
See Similar DealsIndustrial6,680 SF
Financed 06/10/2021
FINANCED
BEB Lending Provides $3.5M Bridge Loan For Industrial Properties In Gowanus, Brooklyn
189 1st Street, Gowanus, Brooklyn, NY, USA
See Similar DealsIndustrial6,680 SF
Financed 06/10/2021
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$524
Total Square Footage:6,680 SF
Transaction Type:Loan
A $3.5 million bridge loan was provided by BEB Lending to finance two owner-occupied industrial properties located at 189 First Street in the Gowanus market of Brooklyn, NY. The loan transaction was structured by Sean Silverbrook, representing BEB Lending. The industrial properties are situated in Brooklyn, NY.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,500,000
- Lender: BEB Lending - Lee Brodsky, Keyvan Ghaytanchi & Sean Silverbrook
- Brokers: Thomas Cordasco & Terra CRG
- Market: Gowanus
- Address: 189 First Street
Lee Brodsky, Keyvan Ghaytanchi, and Sean Silverbrook from BEB Lending facilitated the financing for these two industrial properties. Additionally, Thomas Cordasco and Terra CRG served as the brokers involved in the transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,500,000.00
Monthly NOI$23,333.33
Monthly Debt Service$22,122.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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