Greystone Refinances Mixed-Use Property At 1-3 Sherwood Terrace In Yonkers For $9.99M
FINANCED
$9,997,000
New York
See Similar DealsMixed-use
Financed 08/17/2023
FINANCED
Greystone Refinances Mixed-Use Property At 1-3 Sherwood Terrace In Yonkers For $9.99M
1 Sherwood Terrace Yonkers, Ny 10704, Usa
See Similar DealsMixed-use
Financed 08/17/2023
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The property asset involved in this transaction is a mixed-use development located at 1-3 Sherwood Terrace in Yonkers. The asset consists of 65 residential units alongside 7 retail units, with a loan amount of $9,997,000 being applied for refinancing purposes.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $9,997,000
- Date: 08/17/2023
- Lender: Greystone
- Brokers: Chaim Tessler & Ariel Forman - Meridian Capital Group
The deal involved the collaboration of brokers Chaim Tessler and Ariel Forman, both representing Meridian Capital Group in the transaction. Their expertise facilitated the refinancing process with Greystone as the lender for this property transaction.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,997,000.00
Monthly NOI$66,646.67
Monthly Debt Service$63,187.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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