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Cross River Bank Provides $6.54M Refinance Loan For Campgrounds In Livingston Manor

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FINANCED
$6,545,000

New York

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Mixed-use1 SF
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FINANCED

Cross River Bank Provides $6.54M Refinance Loan For Campgrounds In Livingston Manor

641 Knickerbocker Road

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Mixed-use1 SF
Financed
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$6545000
Total Square Footage:1 SF
Transaction Type:Loan

The asset involved in this transaction is a campground located at 641 Knickerbocker Road in the Livingston Manor market. The loan amount secured for refinancing this property is $6,545,000, provided by Cross River Bank.

Summary of transaction details:

  • Property Type: Campgrounds
  • Transaction Amount: $6,545,000
  • Lender: Cross River Bank
  • Broker: Paul Gilbert - Meridian Capital Group
  • Loan Type: Refinance
  • Date: 03/06/2025
  • Image: Paul Gilbert & Eli Hazan

Paul Gilbert serves as the Senior Vice President at Meridian Capital Group, with direct contact information available for insights into the unique value Meridian can provide to similar deals. His phone number is 732-580-6148, and his email address is [email protected]. Paul Gilbert represents the broker in this transaction, emphasizing the complexity and individuality of deals in the property market.

Players

Paul Gilbert
12 deals$150.7M volume
BROKER

Cross River Bank
LENDER

Details

FINANCED
IMAGE: Paul Gilbert & Eli Hazan DATE: 03/06/2025 ADDRESS: 641 Knickerbocker Road MARKET: Livingston Manor ASSET TYPE: Campgrounds LENDER: Cross River Bank (@CrossRiver_) BROKER: Paul Gilbert - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $6,545,000 LOAN TYPE: Refinance NOTE FROM BROKER: No deal is easy, and no 2 deals are the same. To see how Meridian can add value to your unique deal, contact Paul Gilbert Paul Gilbert Senior Vice President Meridian Capital Group 732-580-6148 [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,545,000.00

Monthly NOI$43,633.33
Monthly Debt Service$41,368.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00