Deutsche Bank Provides $70M Refinance Loan For Forest Hills Mixed-Use Property
FINANCED
$70,000,000
New York
See Similar DealsMixed-use66,573 SF
Financed 03/17/2022
FINANCED
Deutsche Bank Provides $70M Refinance Loan For Forest Hills Mixed-Use Property
107-02 Queens Boulevard, Queens, New York 11375, United States
See Similar DealsMixed-use66,573 SF
Financed 03/17/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,051
Total Square Footage:66,573 SF
Transaction Type:Loan
The mixed-use property located at 107-02 Queens Boulevard in Forest Hills has recently undergone a refinancing transaction. The property spans a total square footage of 66,573 and is situated in the vibrant market of Forest Hills.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $70,000,000
- Loan Type: Refinance
- Lender: Deutsche Bank
- Landlord: RJ Capital Holdings
- Brokers: Morris Betesh, Alex Bailkin, and Eli Serebrowski - Meridian Capital Group
Deutsche Bank provided a loan of $70,000,000 for the refinancing of the property. The landlord, RJ Capital Holdings, oversaw the transaction. The brokers involved in facilitating the deal were Morris Betesh, Alex Bailkin, and Eli Serebrowski from Meridian Capital Group.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$70,000,000.00
Monthly NOI$466,666.67
Monthly Debt Service$442,447.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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