FM Capital Secures $12.25M Refinance Loan For Mixed-Use Property In Park Slope, Brooklyn
FINANCED
$12,250,000
New York
See Similar DealsMixed-use
Financed 11/22/2023
FINANCED
FM Capital Secures $12.25M Refinance Loan For Mixed-Use Property In Park Slope, Brooklyn
406 15th Street
See Similar DealsMixed-use
Financed 11/22/2023
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The mixed-use property located at 406 15th Street in Park Slope, Brooklyn has undergone a refinancing transaction. The loan, amounting to $12,250,000, was provided by CITI. The landlord of the property is LL Locicerro. Avi Eyal and Joshua Pollack from FM Capital represented the borrower in this deal.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $12,250,000
- Address: 406 15th Street, Park Slope, Brooklyn
- Lender: CITI
- Landlord: LL Locicerro
- Brokers: Avi Eyal & Joshua Pollack - FM Capital
- Loan Type: Refinance
For more information and to discuss your next or any financing needs, please contact Avi Eyal at [email protected].
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,250,000.00
Monthly NOI$81,666.67
Monthly Debt Service$77,428.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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