Bronx Mixed-use Property Secures $6M Loan From LMF Commercial - Nihad Choudhury
FINANCED
$6,000,000
New York
See Similar DealsMixed-use
Financed 08/13/2021
FINANCED
Bronx Mixed-use Property Secures $6M Loan From LMF Commercial - Nihad Choudhury
2542A White Plains Road, Bronx, NY, USA
See Similar DealsMixed-use
Financed 08/13/2021
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,000,000
- Address: 2542A, 2544A, 2546A & 2548A White Plains Road, Bronx
- Market: Bronx
- Lender: LMF Commercial (A Lennar Co.) - Nihad Choudhury
- Landlord: Barry Singer
- Broker: Jonathan Singer - Strategic Funding Corp.
- Loan Terms: CMBS: 10-yr fixed, 5-yr IO
Players
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,000,000.00
Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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