facebook
Traded Co logo
Submit

Lancewood Capital Provides $2M Bridge Loan For Mixed-Use Property In East Village

Property Image
FINANCED
$2,000,000
Igor Zakh
Russell Nova
Alex Leykind

New York

See Similar Deals
Mixed-use6,581 SF
Financed 02/01/2019
the dealplayerscompscontact
Property Image
FINANCED

Lancewood Capital Provides $2M Bridge Loan For Mixed-Use Property In East Village

100 2nd Avenue, New York, NY 10003, USA

See Similar Deals
Mixed-use6,581 SF
Financed 02/01/2019
Igor Zakh
Russell Nova
Alex Leykind
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$303
Total Square Footage:6,581 SF
Transaction Type:Loan

Located at 100 2nd Ave in the East Village, this mixed-use property was involved in a closed transaction. The loan obtained for this deal was from Lancewood Capital, with a loan amount of $2 million. The loan terms were a 1-year bridge loan. The property spans a total of 6,581 square feet.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2M
  • Date: 02/01/2019
  • Address: 100 2nd Ave
  • Market: East Village
  • Lender: Lancewood Capital
  • Landlord: Mo Hazim
  • Brokers: The Cornerstone Group - Russell Nova, Alex Leykind & Igor Zakh

The deal was facilitated by The Cornerstone Group, represented by brokers Russell Nova, Alex Leykind, and Igor Zakh. The individuals involved in this transaction include Justin Godner and Mo Hazim as well. No additional information regarding the property or the transaction is available.

Players

Alex Leykind
Equitas Capital Group
Alex Leykind
75 deals$478M volume
BROKER
Russell Nova
Cornerstone Capital Financing
Russell Nova
76 deals$491.1M volume
BROKER
Igor Zakh
Cornerstone Capital Financing
Igor Zakh
46 deals$287.8M volume
BROKER
Lancewood Capital
Lancewood Capital
LENDER

Details

FINANCED
IMAGE: Justin Godner, Russell Nova, Alex Leykind & Igor Zakh DATE: 02/01/2019 ADDRESS: 100 2nd Ave. MARKET: East Village ASSET TYPE: Mixed-use LENDER: Lancewood Capital LANDLORD: Mo Hazim BROKERS: The Cornerstone Group -Russell Nova, Alex Leykind & Igor Zakh LOAN AMOUNT: $2M LOAN TERMS: 1 Yr Bridge Loan SF: 6,581

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,000,000.00

Monthly NOI$13,333.33
Monthly Debt Service$12,641.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00