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Gordon Hamm Of GMC Parking Refinances $12.5M Loan For Industrial Properties In Yorkville
FINANCED
$12,500,000
New York
See Similar DealsIndustrial203,178 SF
Financed 07/11/2024
FINANCED
Gordon Hamm Of GMC Parking Refinances $12.5M Loan For Industrial Properties In Yorkville
231-239 East 94th Street, 241 East 94th Street & 243 East 94th Street
See Similar DealsIndustrial203,178 SF
Financed 07/11/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$61
Total Square Footage:203,178 SF
Transaction Type:Loan
Two industrial properties located at 231-239 East 94th Street and 241-243 East 94th Street in the Yorkville market of Manhattan have a combined square footage of 67,726. The recent refinancing of these properties has been secured for a loan amount of $12,500,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,500,000
- Lender: Cynthia Wang - Apple Bank
- Landlord: Gordon Hamm - GMC Parking
- Loan Type: Refinance
The refinancing transaction involved Gordon Hamm representing GMC Parking as the landlord, while Cynthia Wang facilitated the process as the lender through Apple Bank.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,500,000.00
Monthly NOI$83,333.33
Monthly Debt Service$79,008.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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