StanCorp Financial Group Funds $3M Refinance For Industrial Property On Long Island
FINANCED
$3,000,000
New York
See Similar DealsIndustrial44,690 SF
Financed 02/21/2024
FINANCED
StanCorp Financial Group Funds $3M Refinance For Industrial Property On Long Island
8 Leecon Court
See Similar DealsIndustrial44,690 SF
Financed 02/21/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$67
Total Square Footage:44,690 SF
Transaction Type:Loan
An Industrial property spanning 44,690 square feet located at 8 Leecon Court in Long Island was involved in a recent transaction. The property was refinanced for a loan amount of $3,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Address: 8 Leecon Court
- Market: Long Island
- Lender: stancorp-71537964-e57b-4b05-af26-2eaf91775e6a-duplicate''>StanCorp Financial Group
- Landlord: John Rosko
- Brokers: Amber Coleman & Lili Grbavac - CBRE
Amber Coleman and Lili Grbavac from CBRE represented the parties involved in the refinancing deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,000,000.00
Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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