Valley National Bank Provides $18.85M Loan For Development Site At 150 Lawrence Street, New York City
FINANCED
$18,850,000
New York
See Similar DealsMixed-use100,000 SF
Financed 02/27/2023
FINANCED
Valley National Bank Provides $18.85M Loan For Development Site At 150 Lawrence Street, New York City
150 Lawrence Street
See Similar DealsMixed-use100,000 SF
Financed 02/27/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$188
Total Square Footage:100,000 SF
Transaction Type:Loan
A development site located at 150 Lawrence Street in New York City has been involved in a recent loan transaction. The property spans approximately 19,437 square feet and has been acquired through an acquisition loan.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $18,850,000
- Market: New York City
- Lender: Valley National Bank - Roiy Schneerson
- Landlord: Solomon Schwimmer
Valley National Bank, represented by Roiy Schneerson, provided a loan amount of $18,850,000 for the acquisition of the development site located at 150 Lawrence Street. Solomon Schwimmer is the landlord involved in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,850,000.00
Monthly NOI$125,666.67
Monthly Debt Service$119,144.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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