Fred Ohebshalom Secures $21.5 Million Refinance Loan For Mixed-Use Property In Manhattan
FINANCED
New York
See Similar DealsMixed-use
Financed 05/01/2026
FINANCED
Fred Ohebshalom Secures $21.5 Million Refinance Loan For Mixed-Use Property In Manhattan
261 West 21st Street
See Similar DealsMixed-use
Financed 05/01/2026
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property located at 261 West 21st Street in Manhattan. The property was refinanced with a loan amount of $21,500,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $21,500,000
- Lender: Derby Copeland
- Landlord: Fred Ohebshalom
- Landlord's Representative: Jonathan Aghravi - JBA Equities
- Loan Type: Refinance
- Date of Transaction: 5/1/2026
This transaction involved key individuals such as Fred Ohebshalom, who is the landlord of the property. Jonathan Aghravi represented the landlord in this refinancing arrangement through his agency, JBA Equities, facilitating the financial transaction with Derby Copeland.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,500,000.00
Monthly NOI$143,333.33
Monthly Debt Service$135,894.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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