$98 Million Acquisition Loan Secured For Park Slope Mixed-use Portfolio By Jesse Hutcher
FINANCED
$98,000,000
New York
See Similar DealsMixed-use1 SF
Financed
FINANCED
$98 Million Acquisition Loan Secured For Park Slope Mixed-use Portfolio By Jesse Hutcher
Mixed-use1 SF
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$98000000
Total Square Footage:1 SF
Transaction Type:Loan
The transaction involves a loan secured for a mixed-use portfolio consisting of 26 properties located in Park Slope, Brooklyn. The total loan amount for the acquisition is $98,000,000.
Summary of transaction details:
- Property Type: Mixed-use Portfolio
- Transaction Amount: $98,000,000
- Lender: Jesse Hutcher - Derby Copeland
- Landlords: Edward Ostad & Michael Ostad
- Brokers: Avi Weinstock & Daniel Neiss - Meridian Capital Group
- Loan Type: Acquisition
- Market: Brooklyn
The deal features prominent individuals such as Jesse Hutcher, who represents the lender Derby Copeland, and brokers Avi Weinstock and Daniel Neiss from Meridian Capital Group. Edward Ostad and Michael Ostad are the landlords involved in this transaction.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$98,000,000.00
Monthly NOI$653,333.33
Monthly Debt Service$619,426.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions