H.I.G. Realty Partners Provides $240M Refinance Loan For Mixed-Use Property In Downtown Brooklyn
FINANCED
$240,000,000
New York
See Similar DealsMixed-use130,000 SF
Financed 02/20/2022
FINANCED
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
See Similar DealsMixed-use130,000 SF
Financed 02/20/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,846
Total Square Footage:130,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$240,000,000.00
Monthly NOI$1,600,000.00
Monthly Debt Service$1,516,963.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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