Modern Bank Provides $1.2M Refinance Loan For Mixed-Use Property In New York City
FINANCED
$1,200,000
New York
See Similar DealsMixed-use3,300 SF
Financed 07/14/2023
FINANCED
Modern Bank Provides $1.2M Refinance Loan For Mixed-Use Property In New York City
351 E 18th St New York, NY 10003, USA
See Similar DealsMixed-use3,300 SF
Financed 07/14/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$363
Total Square Footage:3,300 SF
Transaction Type:Loan
A mixed-use property located at 351 East 18th Street in New York City has recently undergone a refinancing transaction. The property spans 3,300 square feet and encompasses a combination of commercial and residential spaces.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $1,200,000
- Address: 351 East 18th Street
- Market: New York City
- Lender: Modern Bank
- Landlord: Kostas Kaimakliotis
- Broker: Ziv Cohen - Refined
The refinancing deal for this property was arranged through Modern Bank, with Kostas Kaimakliotis as the landlord. Ziv Cohen from Refined served as the broker for this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,200,000.00
Monthly NOI$8,000.00
Monthly Debt Service$7,584.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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