Oren Neria Secures $2.1 Million Refinance Loan From TD Bank For 311 Scholes Street Brooklyn
FINANCED
$2,100,000
New York
See Similar DealsIndustrial7,475 SF
Financed 10/28/2024
FINANCED
Oren Neria Secures $2.1 Million Refinance Loan From TD Bank For 311 Scholes Street Brooklyn
311 Scholes Street
See Similar DealsIndustrial7,475 SF
Financed 10/28/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$280
Total Square Footage:7,475 SF
Transaction Type:Loan
The property involved in the transaction is an industrial asset located at 311 Scholes Street in Brooklyn. The asset has a total square footage of 7,475. The loan amount associated with this property is $2,100,000, which is a refinance loan type.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,100,000
- Address: 311 Scholes Street
- Market: Brooklyn
- Lender: TD Bank
- Landlord: Oren Neria
- Brokers: Gil Shenhav & Dave O'Leary - Avra CapitalLLC
Key individuals involved in this transaction include Gil Shenhav and Dave O'Leary, both of whom represent Avra Capital LLC. Oren Neria serves as the landlord for the property, while TD Bank is the lender facilitating the refinance loan.
Players
BROKERAGE
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,100,000.00
Monthly NOI$14,000.00
Monthly Debt Service$13,273.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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