BEB Capital Provides $9M Acquisition Loan For Mixed-use Property On Stone Street
FINANCED
$9,000,000
New York
See Similar DealsMixed-use14,698 SF
Financed 07/14/2023
FINANCED
BEB Capital Provides $9M Acquisition Loan For Mixed-use Property On Stone Street
53 Stone Street
See Similar DealsMixed-use14,698 SF
Financed 07/14/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$612
Total Square Footage:14,698 SF
Transaction Type:Loan
A mixed-use property located at 53-55 Stone Street in New York City has been involved in a recent loan transaction. The property spans approximately 14,698 square feet and is situated in a prime location in the city.
Summary of transaction details
- Property Type: Mixed-use
- Loan Amount: $9,000,000
- Loan Type: Acquisition
- Lender: BEB Capital - Sean Silverbrook, Keyvan Ghaytanchi & Lee Brodsky
BEB Capital, represented by Sean Silverbrook, Keyvan Ghaytanchi, and Lee Brodsky, provided a loan of $9,000,000 for the acquisition of the mixed-use property on Stone Street. The loan will support the buyer in their acquisition efforts and enable them to utilize the property for their intended purposes.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,000,000.00
Monthly NOI$60,000.00
Monthly Debt Service$56,886.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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