Aegean Capital Provides $3.5M Refinance Loan For 20,000 SF Industrial Property In Hicksville
FINANCED
$3,500,000
New York
See Similar DealsIndustrial20,000 SF
Financed 09/06/2024
FINANCED
Aegean Capital Provides $3.5M Refinance Loan For 20,000 SF Industrial Property In Hicksville
400 Charlotte Avenue
See Similar DealsIndustrial20,000 SF
Financed 09/06/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$175
Total Square Footage:20,000 SF
Transaction Type:Loan
The property asset involved in this transaction is an industrial asset located at 400 Charlotte Avenue in Hicksville. The asset encompasses a total square footage of 20,000 and is associated with a refinance loan amount of $3,500,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,500,000
- Lender: Aegean Capital
- Loan Type: Refinance
- Loan Terms: 5.22% Rate, 5 year term, and 30 year amortization
- Broker: John Lagoudis - Realty Executives
This transaction was characterized by single tenant NNN purchase financing, with Aegean Capital facilitating the loan at a rate of 5.22% for a 5-year period, complemented by a 30-year amortization schedule.
Players
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
$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
Is there something missing? Send suggestions