Emerald Creek Capital Provides $8,051,000 Loan To TARGO For 111 Reade Street Acquisition
FINANCED
$8,051,000
New York
See Similar DealsMixed-use1 SF
Financed
FINANCED
Emerald Creek Capital Provides $8,051,000 Loan To TARGO For 111 Reade Street Acquisition
111 Reade Street
See Similar DealsMixed-use1 SF
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$8051000
Total Square Footage:1 SF
Transaction Type:Loan
The property asset involved in this transaction is a mixed-use building located at 111 Reade Street in the Tribeca market. The loan amount secured for this acquisition is $8,051,000.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $8,051,000
- Lender: Emerald Creek Capital
- Landlord: TARGO
- Landlord's Representative: Morris Betesh, Morris Dabbah & Brandon Serota - Arrow Real Estate Advisors
- Loan Type: Acquisition
The deal features key representatives, including Morris Betesh, Morris Dabbah, and Brandon Serota, who represent TARGO in this transaction through Arrow Real Estate Advisors.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,051,000.00
Monthly NOI$53,673.33
Monthly Debt Service$50,887.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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