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David Noor Secures $1.9 Million Refinance Loan From TD Bank For Mixed-Use Property In Bronx

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FINANCED
$1,900,000

New York

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Mixed-use7,248 SF
Financed 06/26/2024
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Property Image
FINANCED

David Noor Secures $1.9 Million Refinance Loan From TD Bank For Mixed-Use Property In Bronx

2809 Third Avenue

See Similar Deals
Mixed-use7,248 SF
Financed 06/26/2024
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$262
Total Square Footage:7,248 SF
Transaction Type:Loan

The property involved in this transaction is a mixed-use asset located at 2809 Third Avenue in the Mott Haven neighborhood of the Bronx. The property consists of 6 residential units and 1 commercial unit, spanning a total of 7,248 square feet. The loan amount secured for this property is $1,900,000 for a refinance arrangement.

Summary of transaction details:

Raviv Gailor and Zachary Grossman from Meridian Capital Group played critical roles as brokers in facilitating this refinance loan transaction. Their involvement was essential to secure the financing through TD Bank for David Noor, the landlord of the property.

Players

Raviv Gailor
2 deals$2.9M volume(646) 502-3457
BROKER

Zachary Grossman
Meridian Capital Group
7 deals$55.1M volume(646) 448-1008
BROKER

TD Bank
LENDER

Details

FINANCED
IMAGE: Raviv Gailor & Zachary Grossman DATE: 06/26/2024 ADDRESS: 2809 Third Avenue MARKET: Mott Haven, Bronx ASSET TYPE: Mixed-use (6 Residential & 1 Commercial Unit) ~ SF: 7,248 LENDER: TD Bank (@TDBank_US) LANDLORD: David Noor BROKER: Raviv Gailor (@RavivGailor) & Zachary Grossman - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $1,900,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,900,000.00

Monthly NOI$12,666.67
Monthly Debt Service$12,009.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00