Delshah Capital Secures $14.1 Million Refinance Loan At 138 Ludlow Street Lower East Side
138 Ludlow Street
$14,100,000
Building Size
—
Asset Type
Mixed-use
Closing
Mar 11, 2026
About this deal
AI
The property asset involved in the transaction is located at 138 Ludlow Street in the Lower East Side market. It is categorized as a mixed-use asset and has a loan amount of $14,100,000 associated with it as part of a refinance deal.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $14,100,000
- Lender: Joseph E. Fingerman & Zachary Bermudez - Peapack Private Bank & Trust
- Landlord: Delshah Capital
- Loan Type: Refinance
- Date: 3/12/2026
Joseph E. Fingerman and Zachary Bermudez represent Peapack Private Bank & Trust in the lending aspect of this transaction, while Delshah Capital serves as the landlord for the property involved.
On the Map
$14,100,000
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93