The Habif Group Secures $5,637,450 Refinance Loan From Arbor Realty Trust For Mixed-Use Asset
FINANCED
$5,637,450
New York
See Similar DealsMixed-use
Financed 12/23/2025
FINANCED
The Habif Group Secures $5,637,450 Refinance Loan From Arbor Realty Trust For Mixed-Use Asset
240 Elizabeth Street
See Similar DealsMixed-use
Financed 12/23/2025
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The property involved in this transaction is a mixed-use asset located at 240 Elizabeth Street in the Nolita market of Manhattan. A refinance loan was secured for the property, amounting to $5,637,450. The specific type of loan is a cash-out full term interest-only loan.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,637,450
- Lender: Arbor Realty Trust
- Landlord: The Habif Group - David Habif
- Loan Type: Refinance
- Note: Cash-out full term I/O
The key individuals in this transaction include David Habif, who represents The Habif Group as the landlord. Arbor Realty Trust acted as the lender for this refinance transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,637,450.00
Monthly NOI$37,583.00
Monthly Debt Service$35,632.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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