Updated Oct 28, 2024
UMB Bank Provides A Loan Of $59.3M For Industrial Property In Rego Park At 94-05 Queens Boulevard With Reign Capital As The Landlord
94-05 Queens Boulevard, Rego Park, NY, USA
$59,300,000
$16,610/SF
Building Size
3,570 SF
Asset Type
Industrial
Closing
Jun 20, 2021
About this deal
AI
The industrial property located at 94-05 Queens Boulevard in Rego Park has been involved in a recent loan transaction.
Summary of transaction details
- Property Type: Industrial
- Loan Amount: $59,300,000
The lender for this transaction is UMB Bank, while the landlord is Reign Capital.
This loan transaction signifies the financial commitment made by UMB Bank to support the industrial property at 94-05 Queens Boulevard. The involvement of Reign Capital as the landlord further establishes their role in the deal. Both parties play crucial roles in ensuring the success and continuity of the industrial property.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93