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
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
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