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Mordechai Kohn's Sunlight Clinton Realty Secures $27M Refinance From CTBC Bank For Red Hook Properties
FINANCED
$27,000,000
New York
See Similar DealsIndustrial85,933 SF
Financed 10/24/2025
FINANCED
Mordechai Kohn's Sunlight Clinton Realty Secures $27M Refinance From CTBC Bank For Red Hook Properties
744 Clinton Street
See Similar DealsIndustrial85,933 SF
Financed 10/24/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$314
Total Square Footage:85,933 SF
Transaction Type:Loan
Two industrial properties located at 744 Clinton Street and 784 Henry Street in Red Hook, Brooklyn, have a combined square footage of 85,933. These properties have recently undergone refinancing with a loan amount of $27,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $27,000,000
- Loan Type: Refinance
- Previous Loan Amount: $21,000,000
- Lender: CTBC Bank
- Landlord: Mordechai Kohn
- Market: Red Hook, Brooklyn
Mordechai Kohn’s Sunlight Clinton Realty executed the refinancing of the two properties. The new loan from CTBC Bank replaces a prior loan from FourLeaf Federal Credit Union.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,000,000.00
Monthly NOI$180,000.00
Monthly Debt Service$170,658.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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