Signature Bank Provides $24.5M Refinance Loan For Mixed-Use Properties In Manhattan And Queens
FINANCED
$24,475,000
New York
See Similar DealsMixed-use
Financed 05/04/2022
FINANCED
Signature Bank Provides $24.5M Refinance Loan For Mixed-Use Properties In Manhattan And Queens
357 East 78th Street, New York City, New York 10075, United States
See Similar DealsMixed-use
Financed 05/04/2022
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
A mixed-use property located at 357 East 78th Street in Manhattan and 42-72 80th Street in Queens has undergone a refinancing transaction.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $24,475,000
- Market: Manhattan & Queens
- Address: 357 East 78th Street & 42-72 80th Street
- Lender: Signature Bank
- Brokers: Josh Rhine & Ezra Sutton - Meridian Capital Group
Josh Rhine and Ezra Sutton, representing the Meridian Capital Group, facilitated the loan refinancing process for this mixed-use property transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,475,000.00
Monthly NOI$163,166.67
Monthly Debt Service$154,698.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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