Kennedy Dunn Of Refined CRE Arranges $1.4M Refinance Loan In Long Island City
FINANCED
$1,400,000
New York
See Similar DealsMixed-use
Financed 05/03/2024
FINANCED
Kennedy Dunn Of Refined CRE Arranges $1.4M Refinance Loan In Long Island City
36-19 30th Street
See Similar DealsMixed-use
Financed 05/03/2024
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The mixed-use property located at 36-19 30th Street in Long Island City was the subject of a recent closed transaction. The loan amount for the refinancing of this property was $1,400,000. The lender involved in this deal was Sage Usher from Ushjo. The landlord of the property is Maqsudul Sohel. The broker representing the transaction was Kennedy Dunn from Refined CRE.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,400,000
- Address: 36-19 30th Street
- Market: Long Island City
- Lender: Sage Usher - Ushjo
- Landlord: Maqsudul Sohel
- Broker: Kennedy Dunn - Refined CRE
The transaction involved Sage Usher from Ushjo as the lender, Maqsudul Sohel as the landlord, and Kennedy Dunn from Refined CRE as the broker. These key individuals played crucial roles in facilitating the successful refinancing of the mixed-use property in Long Island City.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,400,000.00
Monthly NOI$9,333.33
Monthly Debt Service$8,848.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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