Ridgewood Savings Bank Provides $11M Loan For Mixed-Use Property In Bronx - Max Ralby Represents The Lender
FINANCED
$11,000,000
New York
See Similar DealsMixed-use
Financed 01/29/2021
FINANCED
Ridgewood Savings Bank Provides $11M Loan For Mixed-Use Property In Bronx - Max Ralby Represents The Lender
22-24 Marcy Place, Bronx, NY, USA
See Similar DealsMixed-use
Financed 01/29/2021
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
22-24 Marcy Place, 30 East Clarke Place, 1339, 1414, 1416, 1418 & 1420 Prospect Ave in Bronx has been involved in a recent closed transaction. The mixed-use property consists of 166 units, including 161 residential units and 5 commercial units. This transaction took place on January 29, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,000,000
- Lender: Ridgewood Savings Bank
- Broker: Max Ralby - @HKSRealEstateAdvisors
Ridgewood Savings Bank provided a loan amount of $11,000,000 for the acquisition of 22-24 Marcy Place, 30 East Clarke Place, 1339, 1414, 1416, 1418 & 1420 Prospect Ave in Bronx. Max Ralby from HKS Real Estate Advisors represented the parties involved in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,000,000.00
Monthly NOI$73,333.33
Monthly Debt Service$69,527.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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