Tloa Servicing LLC Provides $6.3M Refinance Loan For Mixed-Use Property At 688-690 9th Avenue, New York
FINANCED
$6,300,000
New York
See Similar DealsMixed-use
Financed 09/30/2022
FINANCED
Tloa Servicing LLC Provides $6.3M Refinance Loan For Mixed-Use Property At 688-690 9th Avenue, New York
688-690 9th Avenue
See Similar DealsMixed-use
Financed 09/30/2022
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The mixed-use property located at 688-690 9th Avenue in New York has recently undergone a loan transaction. The loan, valued at $6,300,000, was obtained for the purpose of refinancing. The property is owned by the Pecora Family and is situated in the bustling New York market.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $6,300,000
- Lender: Tloa Servicing LLC - Elie Wolynetz
- Landlord: Pecora Family
- Brokers: Shlomo Weissberg - Meridian Capital Group
Representing the lender in this transaction is Elie Wolynetz from Tloa Servicing LLC. Shlomo Weissberg from Meridian Capital Group acted as the broker in this deal. Their expertise and representation contribute to the successful completion of this refinancing loan for the mixed-use property on 9th Avenue.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,300,000.00
Monthly NOI$42,000.00
Monthly Debt Service$39,820.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions