Simone Development Secures $36M Loan In Yonkers With ULLICO As Lender
FINANCED
$36,000,000
New York
See Similar DealsMixed-use
Financed 10/26/2018
FINANCED
Simone Development Secures $36M Loan In Yonkers With ULLICO As Lender
1084 N Broadway, Yonkers, NY, 10701
See Similar DealsMixed-use
Financed 10/26/2018
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The property involved in this transaction is a mixed-use asset located at 1084 N Broadway, Yonkers, NY, 10701. The loan amount is $36,000,000.00, and the property is situated in the Yonkers market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $36,000,000.00
- Lender: United Labor Life Insurance Company -ULLICO
- Borrower: Simone Development Companies
- Lender's Rep: Senior Managing Director-Greystone
- Borrower's Rep: Richard Horowitz-Cooper Horowitz
The deal features representatives from both the lending and borrowing sides, with the Senior Managing Director from Greystone representing the lender, United Labor Life Insurance Company -ULLICO, and Richard Horowitz from Cooper Horowitz representing the borrower, Simone Development Companies.
Players
BROKERAGE
TENANT
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$36,000,000.00
Monthly NOI$240,000.00
Monthly Debt Service$227,544.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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