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Ramon Rodriguez Secures $20 Million Refinance Loan For Wyckoff Heights Medical Center In Brooklyn

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FINANCED
$20,000,000

New York

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Medical Office
Financed 10/29/2024
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FINANCED

Ramon Rodriguez Secures $20 Million Refinance Loan For Wyckoff Heights Medical Center In Brooklyn

112 Wyckoff Avenue, 374 Stockholm Street, 342 Stanhope Street, 348 Stanhope Street, 350 Stanhope Street, 374 Stanhope Street & 179 Jamaica Avenue

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Medical Office
Financed 10/29/2024
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Summary

NEW YORK
Asset Type:Medical Office
Transaction Type:Loan

Wyckoff Heights Medical Center, located at 112 Wyckoff Avenue, 374 Stockholm Street, 342 Stanhope Street, 348 Stanhope Street, 350 Stanhope Street, 374 Stanhope Street & 179 Jamaica Avenue in Brooklyn, has secured a refinance loan amounting to $20 million. The asset type involved in this transaction is a medical office.

Summary of transaction details:

The refinancing was organized by dormitory authorities that support state health care facilities, highlighting the involvement of Ramon Rodriguez as the landlord who owns the medical office facility in this deal.

Players

LENDER

Details

FINANCED
IMAGE: Ramon Rodriguez DATE: 10/29/2024 ADDRESS: 112 Wyckoff Avenue, 374 Stockholm Street, 342 Stanhope Street, 348 Stanhope Street, 350 Stanhope Street, 374 Stanhope Street & 179 Jamaica Avenue MARKET: Brooklyn ASSET TYPE: Medical Office LENDER: Dormitory Authority Of The State Of New York LANDLORD: Ramon Rodriguez LOAN AMOUNT: $20,000,000 LOAN TYPE: Refinance NOTE: Wyckoff Heights Medical Center, owned by Ramon Rodriguez, has secured a $20 million refinance loan from the Dormitory Authority of the State of New York.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,000,000.00

Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00