Aandar Real Estate Capital Arranges $24.9M Construction Loan For Mixed-Use Property In Hudson Valley
FINANCED
$24,945,000
New York
See Similar DealsMixed-use96,000 SF
Financed 05/20/2022
FINANCED
Aandar Real Estate Capital Arranges $24.9M Construction Loan For Mixed-Use Property In Hudson Valley
248 Tioronda Avenue, Beacon, New York 12508, United States
See Similar DealsMixed-use96,000 SF
Financed 05/20/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$259
Total Square Footage:96,000 SF
Transaction Type:Loan
The mixed-use property located at 248 Tioronda Ave. in Hudson Valley was involved in a recent closed transaction. The property spans approximately 96,000 square feet and includes various types of uses. No additional details about the property are available.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $24,945,000
- Loan Type: Construction
- Loan Terms: 75% LTC, Prime + 75 bps, 3 Year Construction Term, 2 year Mini-Perm
Jeff Feldman and Michael Weisz, representing Aandar Real Estate Capital, were the brokers involved in the deal. No additional information about their roles or involvement in the transaction is available.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,945,000.00
Monthly NOI$166,300.00
Monthly Debt Service$157,669.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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