STI Consultants Arranges $20M Refinance Loan For Mixed-Use Property In Flushing, Queens
134-37 Maple Avenue, Queens, New York 11355, United States
$20,000,000
$206/SF
Building Size
97,000 SF
Asset Type
Mixed-use
Closing
Sep 13, 2022
AI
The property involved in this closed transaction is a mixed-use property located at 134-37 and 134-38 Maple Ave. in Flushing, Queens. The property has a total square footage of 97,000 and is situated in a desirable market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $20,000,000
- Loan Type: Refinance
- Landlord: Jesse Cao
- Brokers: Ravi Chopra & Yuvraj Chopra - STI Consultants
Ravi Chopra and Yuvraj Chopra from STI Consultants represented the buyer and seller in this transaction. STI Consultants specializes in commercial finance loans and has a successful track record of closing loans ranging from $500,000 to $500 million across the United States. They have experience working with various businesses, including hotels, gas stations, and mixed-use and office buildings. Ravi Chopra can be contacted at 917-705-7708 for any financing needs.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93