Meridian Capital Group Arranges $45.5M Refinance Loan For Mixed-Use Properties In New York
245 West 51st Street, New York City, New York 10019, United States
$45,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 2, 2022
About this deal
AI
Meridian Capital Group brokers, Simon Rosenfeld and Rael Gervis, facilitated a $45,500,000 refinancing loan for a mixed-use property located at 245 West 51st Street, 1433 York Ave., and 107 West 68th Street in New York.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $45,500,000
Rosenfeld and Gervis, representing Meridian Capital Group, successfully arranged the refinancing loan for the property.
The mixed use loan at 245 West 51st Street, New York City, New York 10019, United States in New York, New York financed for $45.5M in 2022. 245 West 51st Street, New York City, New York 10019, United States is classified as Mixed Use on Traded. Rael Gervis, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the New York, New York file for the 245 West 51st Street, New York City, New York 10019, United States 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 245 West 51st Street, New York City, New York 10019, United States around 2022. Published consideration for 245 West 51st Street, New York City, New York 10019, United States is $45.5M, dated 2022. Cite this Meridian Capital Group Arranges $45.5M Refinance Loan For Mixed-Use Properties In New York loan when underwriting similar mixed use product around New York, New York.
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93