Goldman Sachs Provides $290M Loan For Mixed-Use Property In Jamaica
FINANCED
$290,000,000
New York
See Similar DealsMixed-use542,000 SF
Financed 10/05/2021
FINANCED
Goldman Sachs Provides $290M Loan For Mixed-Use Property In Jamaica
163-05 Archer Avenue
See Similar DealsMixed-use542,000 SF
Financed 10/05/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$535
Total Square Footage:542,000 SF
Transaction Type:Loan
The mixed-use property located at 163-05 Archer Avenue in Jamaica has been involved in a recent closed transaction. The property spans approximately 542,000 square feet and consists of 605 units. It is situated in the vibrant market of Jamaica.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $290,000,000
- Address: 163-05 Archer Avenue
- Market: Jamaica
- Total Square Footage: 542,000
- Number of Units: 605
The loan for this transaction was provided by Goldman Sachs. BRP Companies, represented by Geoff Flournoy and Meredith Marshall, acted as the landlords for the property. JLL served as the brokers involved in this deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$290,000,000.00
Monthly NOI$1,933,333.33
Monthly Debt Service$1,832,997.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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