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108 Lincoln Place & 270 A 9...

Meridian Capital Group Arranges $3.5M Refinance Loan For Mixed-Use Property In Park Slope
FINANCEDMixed-use

Meridian Capital Group Arranges $3.5M Refinance Loan For Mixed-Use Property In Park Slope

108 Lincoln Place & 270 A 9th Street

$3,500,000

Building Size

Asset Type

Mixed-use

Closing

Oct 28, 2022

AI

The mixed-use property located at 108 Lincoln Place and 270A 9th Street in Park Slope has undergone a refinancing transaction. The loan amount of $3,500,000 was secured to refinance the property. The loan terms include a 5-year period, a fixed interest rate of 5.125%, and a 30-year amortization schedule.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $3,500,000
  • Address: 108 Lincoln Place & 270A 9th Street
  • Market: Park Slope

Allan Lieberman, Asher Haft & Jacob Kaufman from Meridian Capital Group represented the parties involved in this refinancing deal.

This refinancing transaction provides a snapshot into the Park Slope market and highlights the involvement of Allan Lieberman, Asher Haft, and Jacob Kaufman from Meridian Capital Group.

Players

Asher Haft

Meridian Capital Group

Broker

$190.4M

vol

10 deals

Broker

Lincoln Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93