Signature Bank Provides $127.5M Refinance Loan For Mixed-Use Property In Astoria
FINANCED
$127,500,000
New York
See Similar DealsMixed-use
Financed 12/28/2021
FINANCED
Signature Bank Provides $127.5M Refinance Loan For Mixed-Use Property In Astoria
10 Halletts Point, Queens, New York 11102, United States
See Similar DealsMixed-use
Financed 12/28/2021
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
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.
Players
BROKERAGE
BROKERAGE
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$127,500,000.00
Monthly NOI$850,000.00
Monthly Debt Service$805,886.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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