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Dime Community Bank Provides $70M Refinance Loan For Mixed-Use Properties In New York

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FINANCED
$70,000,000
Yossi Koschitzki
Isaac Filler
+ 1

New York

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Mixed-use
Financed 06/16/2022
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FINANCED

Dime Community Bank Provides $70M Refinance Loan For Mixed-Use Properties In New York

205 Chrystie Street, New York City, New York 10002, United States

See Similar Deals
Mixed-use
Financed 06/16/2022
Yossi Koschitzki
Isaac Filler
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan

205 Chrystie Street, 9-11-15 Stanton Street, 17 Stanton Street, 120 Orchard Street, 126 East 7 Street, 624 East 11 Street, 244 East Houston Street, 210 Rivington Street, 76 East 1 Street, 203 Chrystie Street, 1111 Flatbush Avenue, and 2848 Brighton 7 Street in New York have been involved in a recent mixed-use transaction.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $70,000,000

The loan for the transaction was provided by Dime Community Bank, with Charlie Terrasi acting as the Senior Vice President and Louis Ciniglio also involved. The landlord, Better Living Properties, was represented by Jonathan Soudry and Ariel Soudry. The brokers from Meridian Capital Group who facilitated the deal were Isaac Filler, Yossi Koschitzki, and Elliot Levy.

Refinance was the type of loan involved in this transaction.

Players

Isaac Filler
77 deals$1.7B volume
BROKER

Yossi Koschitzki
Filler Capital
63 deals$1.3B volume
BROKER

Elliot Levy
Meridian Capital Group
15 deals$431.1M volume
BROKER

Dime Community Bank
LENDER


Details

FINANCED
IMAGE: Yossi Koschitzki, Isaac Filler, Jonathan Soudry, Elliot Levy & Charlie Terrasi DATE: 06/16/2022 ADDRESS: 205 Chrystie Street, 9-11-15 Stanton Street, 17 Stanton Street, 120 Orchard Street, 126 East 7 Street, 624 East 11 Street, 244 East Houston Street, 210 Rivington Street, 76 East 1 Street, 203 Chrystie Street, 1111 Flatbush Avenue & 2848 Brighton 7 Street MARKET: New York ASSET TYPE: Mixed-use LENDER: Dime Community Bank (@DimeBankUSA) – Charlie Terrasi - SVP & Louis Ciniglio LANDLORD: Better Living Properties – Jonathan Soudry (@JonSoudry) & Ariel Soudry BROKERS: Isaac Filler, Yossi Koschitzki & Elliot Levy - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $70,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$70,000,000.00

Monthly NOI$466,666.67
Monthly Debt Service$442,447.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00