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540 Fulton Street, Brooklyn...

Updated Oct 28, 2024

Bilt advertisement
H.I.G. Realty Partners Provides $240M Refinance Loan For Mixed-Use Property In Downtown Brooklyn
FINANCEDMixed-use

H.I.G. Realty Partners Provides $240M Refinance Loan For Mixed-Use Property In Downtown Brooklyn

540 Fulton Street, Brooklyn, New York 11216, United States

$240,000,000

$1,846/SF

Building Size

130,000 SF

Asset Type

Mixed-use

Closing

Feb 19, 2022

About this deal

AI

Located at 540 Fulton Street in Downtown Brooklyn, this mixed-use property spans approximately 130,000 square feet and comprises 327 units. The property recently underwent a loan refinancing transaction.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $240,000,000
  • Address: 540 Fulton Street
  • Market: Downtown Brooklyn
  • Square Footage: 130,000
  • Units: 327

H.I.G. Realty Partners, represented by Michael Mestel, provided the loan for this refinancing deal.

The mixed use loan at 540 Fulton Street, Brooklyn, New York 11216, United States in New York, New York financed for $240M in 2022. Reported inventory is 130,000 square feet across 327 units, or about 1.8K per square foot. This page is the New York, New York file for the 540 Fulton Street, Brooklyn, New York 11216, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 540 Fulton Street, Brooklyn, New York 11216, United States around 2022. Published consideration for 540 Fulton Street, Brooklyn, New York 11216, United States is $240M, dated 2022. Cite this H.I.G. Realty Partners Provides $240M Refinance Loan For Mixed-Use Property In Downtown Brooklyn loan when underwriting similar mixed use product around New York, New York.

Players

HP
H.I.G. Realty PartnersLender

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $1.8K per square foot on a published $240M for 130,000 square feet (2022).

Browse New York mixed use loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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