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
$24,945,000
$259/SF
Building Size
96,000 SF
Asset Type
Mixed-use
Closing
May 19, 2022
AI
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.
Players
Beacon 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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93