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David Weisz Secures $21.3 Million Refinance For 44-Unit Mixed-Use Property In Borough Park
FINANCED
$21,300,000
New York
See Similar DealsMixed-use
Financed 08/18/2025
FINANCED
David Weisz Secures $21.3 Million Refinance For 44-Unit Mixed-Use Property In Borough Park
2177 60th Street
See Similar DealsMixed-use
Financed 08/18/2025
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The property involved in this transaction is a mixed-use building located at 2177 60th Street in Borough Park, Brooklyn. The asset consists of 44 units and has a total area of 45,334 square feet. It was refinanced at a total loan amount of $21,300,000.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $21,300,000
- Address: 2177 60th Street
- Market: Borough Park, Brooklyn
- Lender: Berkeley Point Capital
- Landlord: David Weisz
- Previous Debt: $16,000,000 from Fulton Bank
- Loan Type: Refinance
David Weisz is the landlord of the 44-unit building, and he has effectively replaced the prior debt of $16 million with financing from Newmark, securing a new loan from Berkeley Point Capital for the refinancing process.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,300,000.00
Monthly NOI$142,000.00
Monthly Debt Service$134,630.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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