Titan Capital Provides $10 Million Bridge Loan For Mixed-Use Property At 135 West 18th Street
FINANCED
$10,000,000
New York
See Similar DealsMixed-use61,500 SF
Financed 08/13/2024
FINANCED
Titan Capital Provides $10 Million Bridge Loan For Mixed-Use Property At 135 West 18th Street
135 West 18th Street
See Similar DealsMixed-use61,500 SF
Financed 08/13/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$162
Total Square Footage:61,500 SF
Transaction Type:Loan
The property asset is located at 135 West 18th Street in Chelsea, Manhattan. It is a mixed-use asset with a total square footage of 61,500. The loan amount secured for this asset is $10,000,000, under a bridge loan type with a term of 12 months.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Loan Type: Bridge
- Loan Terms: 12 Month Bridge Loan
- Lender: David Saferstein, Ira Saferstein, Matthew Job & Zach Waldman - Titan Capital
- Broker: Nicholas Aversa - Charles Martin Mortgage
- Date of Transaction: 08/13/2024
The key individuals involved in this transaction include the lenders from Titan Capital: David Saferstein, Ira Saferstein, Matthew Job, and Zach Waldman. The broker representing the deal is Nicholas Aversa from Charles Martin Mortgage.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,000,000.00
Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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