Bert R Dweck Of Hirshmark Capital Provides $5.8M Bridge Loan For West Village Mixed-Use Asset
$5,800,000
$580/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Jul 24, 2024
AI
The asset involved in the transaction is a mixed-use property located in the West Village market, encompassing a total square footage of 10,000. The loan for this property was secured for a total amount of $5,800,000 through a bridge loan.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,800,000
- Date: 07/23/2024
- Lender: Bert R Dweck - Hirshmark Capital
The deal was facilitated by Bert R. Dweck, representing Hirshmark Capital, as the lender for this bridge loan transaction in the West Village.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93