Hirshmark Capital Provides $2.8M Bridge Loan For Mixed-Use Property At 601 West 135th Street In New York City
FINANCED
$2,800,000
New York
See Similar DealsMixed-use60,000 SF
Financed 07/14/2023
FINANCED
Hirshmark Capital Provides $2.8M Bridge Loan For Mixed-Use Property At 601 West 135th Street In New York City
601 West 135th Street
See Similar DealsMixed-use60,000 SF
Financed 07/14/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$46
Total Square Footage:60,000 SF
Transaction Type:Loan
A mixed-use property located at 601 West 135th Street in New York City was involved in a recent loan transaction. The property spans 60,000 square feet and is valued at an undisclosed amount.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $2,800,000
- Address: 601 West 135th Street
- Market: New York City
- Lender: Hirshmark Capital
- Landlord: Jason Snow
- Broker: Emil DePasquale - Black Bear Capital Partners
- Loan Type: Bridge
The loan transaction, facilitated by Bert R. Dweck of Hirshmark Capital, involved Jason Snow as the landlord and Emil DePasquale of Black Bear Capital Partners serving as the broker. The loan amount for this bridge loan was $2,800,000.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,800,000.00
Monthly NOI$18,666.67
Monthly Debt Service$17,697.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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