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United American Land Secures $28 Million Refinance Loan For Mixed-Use Building At 301 Canal Street
FINANCED
$28,000,000
New York
See Similar DealsMixed-use
Financed 11/25/2025
FINANCED
United American Land Secures $28 Million Refinance Loan For Mixed-Use Building At 301 Canal Street
301 Canal Street
See Similar DealsMixed-use
Financed 11/25/2025
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The asset involved in this transaction is a mixed-use building located at 301 Canal Street, situated in the SoHo market of Manhattan. The refinance loan amount secured for this property is $28,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $28,000,000
- Lender: Peter F. Cervinka - Cerco Funding
- Landlord: Albert Laboz - United American Land
- Loan Type: Refinance
- Date: 11/25/2025
Peter F. Cervinka represents Cerco Funding, acting as the lender in this transaction, while Albert Laboz represents United American Land as the landlord. The refinancing was conducted through 419 MM LLC, facilitating the financial transaction for the mixed-use building.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$28,000,000.00
Monthly NOI$186,666.67
Monthly Debt Service$176,979.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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