Updated Dec 12, 2024
Alf Naman Real Estate Secures $24.6 Million Refinancing Loan From Marathon Asset Management
738 Greenwich Street
$24,600,000
Building Size
—
Asset Type
Industrial
Closing
Dec 3, 2024
About this deal
AI
The industrial property located at 738 Greenwich Street in the West Village, Manhattan, has been refinanced with a loan amount of $24,600,000. This transaction was completed on December 3, 2024, indicating the asset's significant market presence.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $24,600,000
- Lender: Bruce Richards - Marathon Asset Management
- Landlord: Alfred David Naman - Alf Naman Real Estate
- Loan Type: Refinance
- Date of Transaction: December 3, 2024
Alf Naman Real Estate facilitated the refinancing process for the industrial building, working directly with Marathon Asset Management to secure the funding necessary for this transaction. Bruce Richards from Marathon Asset Management acted as the lender in this deal.
On the Map
$24,600,000
Industrial
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Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93