Signature Bank Provides $127.5M Refinance Loan For Mixed-Use Property In Astoria
10 Halletts Point, Queens, New York 11102, United States
$127,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 28, 2021
About this deal
AI
The loan transaction for the mixed-use property located at 10 Halletts Point in Astoria has been closed. The property is owned by @TheDurstOrg. The loan, amounting to $127,500,000, was provided by Signature Bank. The loan is a refinance and has a term of 5 years.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $127,500,000
- Lender: Signature Bank - Joseph Fingerman
- Landlord: @TheDurstOrg
- Broker: Meridian Capital Group - Ronnie Levine & Thomas Wayda
The loan was facilitated by Joseph Fingerman of Signature Bank. Ronnie Levine and Thomas Wayda of Meridian Capital Group represented the parties involved in the transaction.
On the Map
$127,500,000
Mixed-use
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Players
Astoria Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93