Axos Bank Provides $7.3M Refinance Loan For Industrial Property At 10-51 Irving Avenue
FINANCED
$7,300,000
New York
See Similar DealsIndustrial
Financed 01/30/2026
FINANCED
Axos Bank Provides $7.3M Refinance Loan For Industrial Property At 10-51 Irving Avenue
10 51 Irving Avenue, Queens, Ny, 11385
See Similar DealsIndustrial
Financed 01/30/2026
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Loan
The property asset involved in this transaction is located at 10-51 Irving Avenue in Queens, primarily classified as an industrial asset. The loan amount secured for this property is $7,300,000, with a refinance loan type and noted as a note on note refinance.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,300,000
- Lender: Axos Bank
- Date of Transaction: 1/30/2026
- Brokers: John Harrington & Max Rubinchik - HKS Real Estate Advisors
In this transaction, John Harrington and Max Rubinchik served as the brokers representing the deal, while Axos Bank acted as the lender for the refinance. Their involvement contributes to the financial structuring necessary for the property's transition within the market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,300,000.00
Monthly NOI$48,666.67
Monthly Debt Service$46,140.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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