Parke Bank Provides $22.45M Refinance Loan For Mixed-use Property In Midtown East
FINANCED
$22,450,000
New York
See Similar DealsMixed-use23,712 SF
Financed 03/17/2022
FINANCED
Parke Bank Provides $22.45M Refinance Loan For Mixed-use Property In Midtown East
122 East 58th Street, New York City, New York 10022, United States
See Similar DealsMixed-use23,712 SF
Financed 03/17/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$946
Total Square Footage:23,712 SF
Transaction Type:Loan
The property at 122 East 58th Street in Midtown East has been involved in a recent transaction. The mixed-use asset has a total square footage of 23,712 and is located in a prime market area.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $22,450,000
- Address: 122 East 58th Street
- Market: Midtown East
- Lender: Parke Bank
- Landlord: Mosdot Shuva Israel ✡️ BH
- Loan Type: Refinance
The lender involved in the transaction is Parke Bank. The landlord, Mosdot Shuva Israel ✡️ BH, was also a key player in this deal. The loan amount for the transaction was $22,450,000, and it was a refinancing loan.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,450,000.00
Monthly NOI$149,666.67
Monthly Debt Service$141,899.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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