Life Insurance Company Provides $7.4M Refinance Loan For 20 Greene Street Commercial Condo In Soho
FINANCED
$7,400,000
New York
See Similar DealsMixed-use5,037 SF
Financed 03/27/2025
FINANCED
Life Insurance Company Provides $7.4M Refinance Loan For 20 Greene Street Commercial Condo In Soho
20 Greene Street
See Similar DealsMixed-use5,037 SF
Financed 03/27/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,469
Total Square Footage:5,037 SF
Transaction Type:Loan
The property asset involved in this transaction is a commercial condominium located at 20 Greene Street in the Soho market. It consists of 5,037 square feet and is associated with a refinance loan amounting to $7,400,000 having a fixed interest rate of 6.61% for a term of 5 years.
Summary of transaction details:
- Property Type: Commercial Condominium
- Transaction Amount: $7,400,000
- Loan Type: Refinance
- Loan Terms: 5 year term, 6.61% Fixed
- Lender: Life Insurance Company
- Brokers: Noah Schulman & Bryan Geffen - Meridian Capital Group
In this transaction, Noah Schulman and Bryan Geffen represent the brokerage firm Meridian Capital Group, facilitating the refinance process for the commercial condominium at the specified address.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,400,000.00
Monthly NOI$49,333.33
Monthly Debt Service$46,773.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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