Deutsche Bank Provides $8 Million Refinance Loan For Mixed-Use Property In West Village
FINANCED
$8,000,000
New York
See Similar DealsMixed-use44,170 SF
Financed 01/09/2025
FINANCED
Deutsche Bank Provides $8 Million Refinance Loan For Mixed-Use Property In West Village
244 West 14th Street & 248 West 14th Street
See Similar DealsMixed-use44,170 SF
Financed 01/09/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$181
Total Square Footage:44,170 SF
Transaction Type:Loan
The property asset involved in this transaction is a mixed-use building located at 244 West 14th Street & 248 West 14th Street in the West Village, Manhattan. The property encompasses a total square footage of 22,085 and is part of a loan transaction amounting to $8,000,000, which is classified as a refinance.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,000,000
- Market: West Village, Manhattan
- Lender: Deutsche Bank
- Broker: Dovid Ostrov - Meridian Capital Group
- Loan Type: Refinance
The key individuals involved in this transaction include Dovid Ostrov, who represents Meridian Capital Group as the broker handling the deal. Deutsche Bank is listed as the lender providing the loan for this refinance transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,000,000.00
Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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