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Lonicera Partners Secures $22.2M Refinance Loan From First Citizens Bank For NoHo Properties
FINANCED
$22,200,000
New York
See Similar DealsMixed-use38,469 SF
Financed 10/31/2025
FINANCED
Lonicera Partners Secures $22.2M Refinance Loan From First Citizens Bank For NoHo Properties
350 Bowery, 352 Bowery & 348 Bowery
See Similar DealsMixed-use38,469 SF
Financed 10/31/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$577
Total Square Footage:38,469 SF
Transaction Type:Loan
A mixed-use property portfolio consisting of three locations at 350 Bowery, 352 Bowery, and 348 Bowery, situated in the NoHo market of Manhattan, comprises a total square footage of 12,823. The loan amount secured through refinancing is $22,200,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $22,200,000
- Lender: First Citizens Bank
- Landlord: Jamie R. Anthony - Lonicera Partners
- Previous Debt: $15,800,000 from Hirshmark Capital
The refinancing transaction was facilitated by Lonicera Partners, under the leadership of Jamie R. Anthony, who represents the landlord in this deal involving multiple properties in a prominent New York location.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,200,000.00
Monthly NOI$148,000.00
Monthly Debt Service$140,319.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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