Ridgewood Savings Bank Provides $1.5M Loan For Mixed-Use Property On 601 Main Street, New Rochelle
FINANCED
$1,500,000
New York
See Similar DealsMixed-use5,380 SF
Financed 06/29/2020
FINANCED
Ridgewood Savings Bank Provides $1.5M Loan For Mixed-Use Property On 601 Main Street, New Rochelle
601 Main Street, New Rochelle, NY, USA
See Similar DealsMixed-use5,380 SF
Financed 06/29/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$278
Total Square Footage:5,380 SF
Transaction Type:Loan
The property involved in this closed transaction is a mixed-use asset located at 601 Main Street in New Rochelle. The transaction took place on June 29, 2021.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,500,000
- Market: New Rochelle
- Lender: Ridgewood Savings Bank
- Brokers: Jake Lapidot & Jeff Horowitz - Cooper-Horowitz
The lending institution involved in this transaction is Ridgewood Savings Bank. The brokers who facilitated the deal were Jake Lapidot and Jeff Horowitz from the agency Cooper-Horowitz.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,500,000.00
Monthly NOI$10,000.00
Monthly Debt Service$9,481.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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