Biynah Industrial Partners Acquires Industrial Property In Menands For $61M
FINANCED
$61,000,000
New York
See Similar DealsIndustrial
Financed 06/20/2022
FINANCED
Biynah Industrial Partners Acquires Industrial Property In Menands For $61M
590 Broadway, New York City, New York 10012, United States
See Similar DealsIndustrial
Financed 06/20/2022
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Loan
Biynah Industrial Partners has acquired a property located at 590 Broadway in Menands. The industrial asset was transacted for a loan amount of $61,000,000. The deal, facilitated by brokers Matthew Schoenfeldt and Lucas Borges from JLL Capital Markets, took place on June 20, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $61,000,000
- Date: 06/20/2022
- Address: 590 Broadway
- Market: Menands
- Landlord: Biynah Industrial Partners
- Brokers: Matthew Schoenfeldt & Lucas Borges - JLL Capital Markets
The acquisition of the industrial property at 590 Broadway in Menands was made possible through a loan. The loan type for this transaction was acquisition.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$61,000,000.00
Monthly NOI$406,666.67
Monthly Debt Service$385,561.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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