Signature Bank Provides $25 Million Loan For Mixed-Use Property In Fordham
Fordham Road, East Fordham Road, Bronx, NY, USA
$25,000,000
$546/SF
Building Size
45,735 SF
Asset Type
Mixed-use
Closing
Feb 22, 2021
About this deal
AI
The mixed-use property located at 215 East Fordham Road in Fordham has recently undergone a closed transaction. The property spans a total of 45,735 square feet and is situated in a bustling market.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $25,000,000
- Lender: Signature Bank
- Landlord: Jenel Management
- SF: 45,735
In this deal, Signature Bank provided a loan amount of $25,000,000 to facilitate the transaction. The landlord in this case is Jenel Management, representing the property's ownership.
The mixed use loan at Fordham Road, East Fordham Road, Bronx, NY, USA in New York, New York financed for $25M in 2021. The building is 45,735 square feet, implying about 546 per square foot on the published price. This page is the New York, New York file for the Fordham Road, East Fordham Road, Bronx, NY, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near Fordham Road, East Fordham Road, Bronx, NY, USA around 2021. Published consideration for Fordham Road, East Fordham Road, Bronx, NY, USA is $25M, dated 2021. Cite this Signature Bank Provides $25 Million Loan For Mixed-Use Property In Fordham loan when underwriting similar mixed use product around New York, New York.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Browse New York mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93