Rhine Legacy Capital Provides $6.9M Bridge Loan For Industrial Property In Orange County, NY
FINANCED
$6,887,500
New York
See Similar DealsIndustrial90,000 SF
Financed 06/29/2023
FINANCED
Rhine Legacy Capital Provides $6.9M Bridge Loan For Industrial Property In Orange County, NY
Industrial90,000 SF
Financed 06/29/2023
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$76
Total Square Footage:90,000 SF
Transaction Type:Loan
An industrial property in Orange County, NY recently secured a bridge loan from Rhine Legacy Capital. The loan amount was $6,887,500.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,887,500
Rhine Legacy Capital, a balance sheet CRE bridge lender, provided the loan for the industrial property. Samuel Kwadrat, representing Rhine Legacy Capital, facilitated the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,887,500.00
Monthly NOI$45,916.67
Monthly Debt Service$43,533.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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