Bert R Dweck Of Hirshmark Capital Provides $5.8M Bridge Loan For West Village Mixed-Use Asset
FINANCED
$5,800,000
New York
See Similar DealsMixed-use10,000 SF
Financed 07/24/2024
FINANCED
Bert R Dweck Of Hirshmark Capital Provides $5.8M Bridge Loan For West Village Mixed-Use Asset
Mixed-use10,000 SF
Financed 07/24/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$580
Total Square Footage:10,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,800,000.00
Monthly NOI$38,666.67
Monthly Debt Service$36,659.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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