Citi Provides $30 Million Refinance Loan For Mixed Use Portfolio In Manhattan And Bronx
FINANCED
$30,000,000
New York
See Similar DealsMixed-use65,787 SF
Financed 07/25/2024
FINANCED
Citi Provides $30 Million Refinance Loan For Mixed Use Portfolio In Manhattan And Bronx
Mixed-use65,787 SF
Financed 07/25/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$456
Total Square Footage:65,787 SF
Transaction Type:Loan
The property asset involved is a mixed-use portfolio consisting of 8 buildings situated in the Manhattan and Bronx markets. The total square footage of the portfolio is 65,787, which includes 17 commercial units and 54 residential units.
Summary of transaction details:
- Property Type: Mixed Use Portfolio
- Transaction Amount: $30,000,000
- Lender: Citi
- Broker: Michael Lee - HKS Real Estate Advisors
- Loan Type: Refinance
- Date: 07/24/2024
- Address: Multiple
Key individuals involved in the transaction include Michael Lee, who served as the broker representing this deal through HKS Real Estate Advisors, facilitating the loan process with Citi for refinancing the mixed-use portfolio.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,000,000.00
Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions