JLL Arranges $230M Refinance Loan For Mixed-Use Property In Yonkers - 28 Wells Ave. Lionsgate Studios
FINANCED
$230,000,000
+ 1
New York
See Similar DealsMixed-use468,287 SF
Financed 04/04/2022
FINANCED
JLL Arranges $230M Refinance Loan For Mixed-Use Property In Yonkers - 28 Wells Ave. Lionsgate Studios
28 Wells Avenue, Yonkers, New York 10701, United States
See Similar DealsMixed-use468,287 SF
Financed 04/04/2022
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$491
Total Square Footage:468,287 SF
Transaction Type:Loan
The mixed-use property located at 28 Wells Ave. in Lionsgate Studios Yonkers has been the subject of a recent loan refinance transaction. The property spans a total area of 468,287 square feet and is situated in the market of Yonkers, New York.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $230,000,000
- Date: 04/04/2022
- Address: 28 Wells Ave. - Lionsgate Studios Yonkers
- Market: Yonkers
- Size: 468,287 square feet
The loan refinance was secured by the property's landlord, National Resources. The transaction was facilitated by the broker team consisting of Michael Zaremski, Michael Shmuely, John Flynn, and Jimmy Cochran from JLL.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$230,000,000.00
Monthly NOI$1,533,333.33
Monthly Debt Service$1,453,756.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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