$12.5 Million Refinance Loan Secured By Simon Rosenfeld & Zachary Grossman For Mixed-use Asset In Soho
FINANCED
$12,500,000
New York
See Similar DealsMixed-use5,000 SF
Financed 06/18/2025
FINANCED
$12.5 Million Refinance Loan Secured By Simon Rosenfeld & Zachary Grossman For Mixed-use Asset In Soho
366 West Broadway
See Similar DealsMixed-use5,000 SF
Financed 06/18/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$2,500
Total Square Footage:5,000 SF
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property located at 366 West Broadway in the Soho market of Manhattan. The total square footage of the property is 5,000. A refinance loan was obtained for this asset.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,500,000
- Loan Type: Refinance
- All-in Rate: 6.37%
- Term: 5-Years
- Interest-Only Period: 3 Years
- Amortization Period: 30-Year
- Brokers: Simon Rosenfeld & Zachary Grossman - Meridian Capital Group
Simon Rosenfeld serves as the Senior Vice President at Meridian Capital Group and can be contacted at 212-612-0110 or via email at [email protected]. Zachary Grossman, an Analyst at the same firm, is reachable at 212-448-1008 or [email protected].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,500,000.00
Monthly NOI$83,333.33
Monthly Debt Service$79,008.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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