Meridian Capital Group Arranges $3.5M Refinance Loan For Mixed-Use Property In Park Slope
FINANCED
$3,500,000
New York
See Similar DealsMixed-use
Financed 10/28/2022
FINANCED
Meridian Capital Group Arranges $3.5M Refinance Loan For Mixed-Use Property In Park Slope
108 Lincoln Place & 270 A 9th Street
See Similar DealsMixed-use
Financed 10/28/2022
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
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.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,500,000.00
Monthly NOI$23,333.33
Monthly Debt Service$22,122.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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