Bryan Geffen & Noah Schulman Secure $8.275M Refinance Loan At 51 Spring Street
FINANCED
$8,275,000
New York
See Similar DealsMixed-use12,300 SF
Financed 05/30/2024
FINANCED
Bryan Geffen & Noah Schulman Secure $8.275M Refinance Loan At 51 Spring Street
51 Spring Street
See Similar DealsMixed-use12,300 SF
Financed 05/30/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$672
Total Square Footage:12,300 SF
Transaction Type:Loan
The mixed-use property located at 51 Spring Street in New York spans 12,300 square feet. The recent transaction involved a refinance loan amounting to $8,275,000 provided by A10 Capital. The loan terms include a 5-year duration with a fixed interest rate of 6.850%, featuring full term interest-only payments.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,275,000
- Lender: A10 Capital
- Brokers: Bryan Geffen & Noah Schulman - Meridian Capital Group
- Loan Type: Refinance
- Loan Terms: 5 Years, 6.850% Fixed, Full Term IO
The transaction was facilitated by Bryan Geffen and Noah Schulman from Meridian Capital Group, acting as the brokers in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,275,000.00
Monthly NOI$55,166.67
Monthly Debt Service$52,303.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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