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Bank OZK Provides $101.5M Construction Loan For Red Hook Industrial Property | Juan Gonzalez - RXR Realty

Property Image
FINANCED
$101,500,000

New York

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Industrial17,357 SF
Financed 09/30/2022
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Property Image
FINANCED

Bank OZK Provides $101.5M Construction Loan For Red Hook Industrial Property | Juan Gonzalez - RXR Realty

730 Court Street, Brooklyn, New York 11231, United States

See Similar Deals
Industrial17,357 SF
Financed 09/30/2022
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$5,847
Total Square Footage:17,357 SF
Transaction Type:Loan

The industrial property located at 730 Court Street & 722 Court Street in Red Hook, Brooklyn, was involved in a recent transaction. The property has a total square footage of 17,357 and a building square footage of 294,500. The transaction took place on September 30, 2022. The asset is owned by RXR Realty, represented by Jason Barnett. The lender, Bank OZK, provided a construction loan for the transaction, with a loan amount of $101,500,000. Juan Gonzalez represented Bank OZK in the deal.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $101,500,000
  • Address: 730 Court Street & 722 Court Street, Red Hook, Brooklyn
  • Market: Red Hook, Brooklyn
  • Asset Type: Industrial
  • Building Square Footage (BSF): 294,500
  • Total Square Footage (SF): 17,357

In this transaction, Jason Barnett represented RXR Realty as the landlord, and Juan Gonzalez represented Bank OZK as the lender. The loan provided by Bank OZK was a construction loan for the industrial property located at 730 Court Street & 722 Court Street in Red Hook, Brooklyn.

Players

BROKERAGE

Bank OZK
LENDER

JB
3 deals$224.5M volume
LANDLORD

3 deals$224.5M volume
LANDLORD

Details

FINANCED
IMAGE: Jason Barnett DATE: 09/30/2022 ADDRESS: 730 Court Street & 722 Court Street MARKET: Red Hook, Brooklyn ASSET TYPE: Industrial ~ BSF: 294,500 ~ SF: 17,357 LENDER: Bank OZK (@BankOZK) - Juan Gonzalez LANDLORD: RXR Realty (@RXR_Realty) - Jason Barnett LOAN AMOUNT: $101,500,000 LOAN TYPE: Construction loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$101,500,000.00

Monthly NOI$676,666.67
Monthly Debt Service$641,549.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00