Daily limit: 0/10
Rentar Development Secures $160 Million Refinance From Deutsche Bank And UBS For Rentar Plaza
FINANCED
$160,000,000
New York
See Similar DealsIndustrial
Financed 06/30/2025
FINANCED
Rentar Development Secures $160 Million Refinance From Deutsche Bank And UBS For Rentar Plaza
66 26 Metropolitan Avenue
See Similar DealsIndustrial
Financed 06/30/2025
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Loan
The asset involved in this transaction is an industrial property located at 66-26 Metropolitan Avenue in Middle Village, Queens. The building encompasses a total area of 1.43 million square feet and is being refinanced. The total loan amount secured for this asset is $160 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $160,000,000
- Lender: Deutsche Bank & UBS
- Landlord: Rentar Development
- Loan Type: Refinance
- Transaction Date: 06/30/2025
Rentar Development is responsible for securing the refinancing of its asset, Rentar Plaza, through a CMBS loan from the lenders, Deutsche Bank and UBS. This transaction reflects their strategic financial maneuvering within the industrial sector of the real estate market.
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
$160,000,000.00
Monthly NOI$1,066,666.67
Monthly Debt Service$1,011,308.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions