FINANCEDIndustrial
Rhine Legacy Capital Provides $6.9M Bridge Loan For Industrial Property In Orange County, NY
$6,887,500
$76/SF
Building Size
90,000 SF
Asset Type
Industrial
Closing
Jun 29, 2023
AI
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.
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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93