Builders Capital Refinances Industrial Property In Williamsburg With $10.4M Loan
FINANCED
$10,439,001
New York
See Similar DealsIndustrial5,000 SF
Financed 08/31/2022
FINANCED
Builders Capital Refinances Industrial Property In Williamsburg With $10.4M Loan
30 Bartlett Street, Brooklyn, New York 11206, United States
See Similar DealsIndustrial5,000 SF
Financed 08/31/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$2,087
Total Square Footage:5,000 SF
Transaction Type:Loan
A loan for the refinance of an industrial property in Williamsburg has been closed. The property, located at 30 Bartlett Street, spans 5,000 square feet. The loan was provided by Builders Capital, with Curt Altig representing the lender. The landlord of the property is Martin Jacobowitz.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,439,001
- Market: Williamsburg
- Address: 30 Bartlett Street
Curt Altig of Builders Capital served as the lender for the refinance loan. Martin Jacobowitz is the landlord associated with the property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,439,001.00
Monthly NOI$69,593.34
Monthly Debt Service$65,981.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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