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Mitsubishi UFJ Financial Group Inc. Provides $30.9 Million Refinance For Mixed-Use Property In Lower East Side

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FINANCED
$30,900,000
Michael Shmuely
Lauren Kaufman
+ 1

New York

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Mixed-use
Financed 10/01/2025
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FINANCED

Mitsubishi UFJ Financial Group Inc. Provides $30.9 Million Refinance For Mixed-Use Property In Lower East Side

10 Rutgers Street

See Similar Deals
Mixed-use
Financed 10/01/2025
Michael Shmuely
Lauren Kaufman
+ 1
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Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan

The property asset involved in this transaction is a mixed-use development located at 10 Rutgers Street in the Lower East Side market, comprising a total of 83 units. The refinancing loan amount secured for this asset is $30,900,000, with Mitsubishi UFJ Financial Group, Inc. serving as the lender. The financing structure has been arranged to fortify the financial standing of the asset for its landlords, AMAC & Tokyu Land US Corporation.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $30,900,000
  • Loan Type: Refinance
  • Address: 10 Rutgers Street
  • Market: Lower East Side
  • Units: 83
  • Lender: Mitsubishi UFJ Financial Group, Inc.
  • Landlord: AMAC & Tokyu Land US Corporation
  • Brokers: Lauren Kaufman, Michael Shmuely, John Flynn & Rob Hinckley - JLL

Key individuals involved in this deal include brokers Lauren Kaufman, Michael Shmuely, John Flynn, and Rob Hinckley, who represent the interests of the landlord in this refinancing transaction. Their collaboration highlights the strategic partnerships prevalent in the real estate lending environment, ensuring that the asset is positioned effectively within the market.

Players

Lauren Kaufman
35 deals$5.4B volume(312) 470-1800
BROKER

Rob Hinckley
JLL
81 deals$11.6B volume
BROKER

Michael Shmuely
JLL
27 deals$2.6B volume
BROKER

John Flynn
JLL
20 deals$1.1B volume
BROKER

JLL
BROKERAGE

Details

FINANCED
IMAGE: Lauren Kaufman, John Flynn, Michael Shmuely & Rob Hinckley DATE: 10/1/2025 ADDRESS: 10 Rutgers Street MARKET: Lower East Side ASSET TYPE: Mixed-use ~ UNITS: 83 LENDER: Mitsubishi UFJ Financial Group, Inc. LANDLORD: AMAC & Tokyu Land US Corporation BROKERS: Lauren Kaufman, Michael Shmuely, John Flynn & Rob Hinckley - JLL (@JLL) LOAN AMOUNT: $30,900,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$30,900,000.00

Monthly NOI$206,000.00
Monthly Debt Service$195,309.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00