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
Lincoln Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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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