NVE Bank Provides $1.7M Loan For Mixed-Use Property On Route 59, Nanuet
FINANCED
$1,700,000
New York
See Similar DealsMixed-use
Financed 04/01/2021
FINANCED
NVE Bank Provides $1.7M Loan For Mixed-Use Property On Route 59, Nanuet
59 East Street, Nanuet, NY, USA
See Similar DealsMixed-use
Financed 04/01/2021
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
128, 132, and 134 E. Route 59 in Nanuet have undergone a recent closed transaction. The mixed-use property, located in the Nanuet market, has been involved in a loan deal.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,700,000
- Address: 128, 132, 134 E. Route 59, Nanuet
- Market: Nanuet
In this loan deal, NVE Bank acted as the lender providing a loan amount of $1,700,000. Brokers David May and Evan Boles from Progress.Capital represented the parties involved in the transaction.
Note: No additional information was available regarding the specific terms or conditions of the loan deal.Players
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,700,000.00
Monthly NOI$11,333.33
Monthly Debt Service$10,745.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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