Lightstone Group Loans $9M For Industrial Properties In Jamaica, Queens
FINANCED
$9,000,000
New York
See Similar DealsIndustrial
Financed 07/08/2020
FINANCED
Lightstone Group Loans $9M For Industrial Properties In Jamaica, Queens
95-08 150th Street
See Similar DealsIndustrial
Financed 07/08/2020
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Loan
An industrial property located at 95-08 150th Street, 95-12 149th Street, and 95-25 150th Street in Jamaica, Queens, was recently involved in a closed transaction. The property is situated in the market of Jamaica, Queens and was acquired by DL Development & Radix Capital.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,000,000
- Lender: @LightstoneGroup
- Landlord: DL Development & Radix Capital
- Brokers: Adam Hakim & James Murad - Meridian Capital Group
The loan for this transaction was provided by the Lightstone Group. The brokers representing the deal were Adam Hakim and James Murad from Meridian Capital Group.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,000,000.00
Monthly NOI$60,000.00
Monthly Debt Service$56,886.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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