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NorthMarq Arranges $7.5 Million Refinance For Dell's Maraschino Cherries Inc. In Brooklyn
FINANCED
$7,500,000
New York
See Similar DealsIndustrial
Financed
FINANCED
NorthMarq Arranges $7.5 Million Refinance For Dell's Maraschino Cherries Inc. In Brooklyn
81 Ferris Street
See Similar DealsIndustrial
Financed
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Loan
An industrial property situated at 81-97 Ferris Street in Brooklyn was refinanced for a total of $7,500,000. The transaction reflects a move to enhance the financial structure of the asset under Dell's Maraschino Cherries Inc.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,500,000
- Loan Type: Refinance
- Brokers: Collin Lester & Bob Bernard - NorthMarq
- Date: 03/12/2026
Collin Lester and Bob Bernard represented the brokerage firm NorthMarq in facilitating the refinance for Dell's Maraschino Cherries Inc., connecting the company with financing for their industrial operations.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,500,000.00
Monthly NOI$50,000.00
Monthly Debt Service$47,405.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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