TD Bank Provides $1.45M Refinance Loan For Mixed-use Property At 551 Gates Ave, Brooklyn With GD Capital As The Landlord. Brad Domenico & Frank Stanislaski Of Progress Capital Serve As Brokers
FINANCED
$1,450,000
New York
See Similar DealsMixed-use
Financed 03/29/2022
FINANCED
TD Bank Provides $1.45M Refinance Loan For Mixed-use Property At 551 Gates Ave, Brooklyn With GD Capital As The Landlord. Brad Domenico & Frank Stanislaski Of Progress Capital Serve As Brokers
551 Gates Avenue
See Similar DealsMixed-use
Financed 03/29/2022
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The mixed-use property located at 551 Gates Avenue in Brooklyn has undergone a refinancing transaction. The property consists of 5 units and is owned by GD Capital, represented by Mark Guindi. The deal was facilitated by Brad Domenico and Frank Stanislaski from Progress Capital, who acted as brokers in the transaction.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,450,000
- Address: 551 Gates Avenue, Brooklyn
- Market: Brooklyn
- Units: 5
The lender involved in the refinancing deal is TD Bank. Mark Guindi, from GD Capital, served as the landlord. Brad Domenico and Frank Stanislaski, representing Progress Capital, worked as brokers in the transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,450,000.00
Monthly NOI$9,666.67
Monthly Debt Service$9,164.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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