TriState Bank Provides $3.7M Loan For Mixed-Use Properties In Bronx & Staten Island
FINANCED
$3,700,000
New York
See Similar DealsMixed-use7,800 SF
Financed 10/20/2020
FINANCED
TriState Bank Provides $3.7M Loan For Mixed-Use Properties In Bronx & Staten Island
387 Bedford Park Boulevard, Bronx, NY 10458
See Similar DealsMixed-use7,800 SF
Financed 10/20/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$474
Total Square Footage:7,800 SF
Transaction Type:Loan
A mixed-use property located at 387 Bedford Park Blvd. in the Bronx and 2052 Richmond Rd. in Staten Island has recently closed in a transaction. The property consists of a combination of residential and commercial spaces.
Summary of transaction details:
- Property Type: Mixed-use
- Market: Bronx & Staten Island
- Lender: TriState Bank
- Broker: Brian Anderson of Progress Capital
- Loan Amount: $3,700,000
- Loan Terms: 3.55% Fixed for 10 Years
The lender in this transaction was TriState Bank, while Brian Anderson of Progress Capital acted as the broker.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,700,000.00
Monthly NOI$24,666.67
Monthly Debt Service$23,386.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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