JP Morgan Chase Provides $6.3 Million Refinance Loan For Mixed-Use Property In East Village
FINANCED
$6,300,000
New York
See Similar DealsMixed-use40,000 SF
Financed
FINANCED
JP Morgan Chase Provides $6.3 Million Refinance Loan For Mixed-Use Property In East Village
19 Clinton Street
See Similar DealsMixed-use40,000 SF
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$157
Total Square Footage:40000 SF
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property located at 19 Clinton Street in the East Village, encompassing a total of 40,000 square feet. The transaction primarily entails a refinance loan for the amount of $6,300,000 facilitated by JP Morgan Chase.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,300,000
- Address: 19 Clinton Street
- Market: East Village
- Lender: JP Morgan Chase
- Brokers: Zev Feder & Daniel Neiss - Meridian Capital Group
- Loan Type: Refinance
The transaction involves brokers Zev Feder and Daniel Neiss, who represent the interests of the parties involved, ensuring a smooth refinancing process through their affiliation with Meridian Capital Group.
Players
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,300,000.00
Monthly NOI$42,000.00
Monthly Debt Service$39,820.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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