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BEB Capital Provides $2.5M Loan For Mixed-Use Property On Upper East Side

Property Image
FINANCED
$2,500,000

New York

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Mixed-use11,280 SF
Financed 07/14/2020
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Property Image
FINANCED

BEB Capital Provides $2.5M Loan For Mixed-Use Property On Upper East Side

1315 3rd Ave, New York, NY 10021, USA

See Similar Deals
Mixed-use11,280 SF
Financed 07/14/2020
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$221
Total Square Footage:11,280 SF
Transaction Type:Loan

Located at 1315 Third Avenue in the Upper East Side, this mixed-use property has recently undergone a closed transaction. The property is situated in a prime location that combines residential and commercial spaces, offering a diverse range of opportunities for investors and tenants alike.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,500,000
  • Market: Upper East Side

In this transaction, @BEBCapital served as the lender, providing a loan amount of $2,500,000. Their involvement highlights their confidence in the property's potential and the viability of the deal. The loan provided the necessary funds to facilitate the successful completion of the transaction.

This closed transaction emphasizes the desirability of the property and showcases the collaboration between the buyer, seller, and @BEBCapital as the lender. The completion of this deal showcases the strength of the real estate market in the Upper East Side and reflects the ongoing opportunities for investment in this vibrant neighborhood.

Players

LENDER

Details

FINANCED
IMAGE: IMAGE: @LeeJBrodsky, @Keyvan_Ghaytanchi_, Sean Silverbrook (@SBrook813) DATE: 07/14/2020 ADDRESS: 1315 Third Avenue MARKET: Upper East Side ASSET TYPE: Mixed-use LENDER: @BEBCapital LOAN AMOUNT: $2,500,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,500,000.00

Monthly NOI$16,666.67
Monthly Debt Service$15,801.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00