Pacific Western Bank Provides $90M Loan For Mixed-Use Property In Forest Hills, NY
FINANCED
$90,000,000
+ 1
New York
See Similar DealsMixed-use48,170 SF
Financed 05/25/2021
FINANCED
Pacific Western Bank Provides $90M Loan For Mixed-Use Property In Forest Hills, NY
69-65 Yellowstone Blvd, Forest Hills, NY, USA
See Similar DealsMixed-use48,170 SF
Financed 05/25/2021
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,868
Total Square Footage:48,170 SF
Transaction Type:Loan
The mixed-use property located at 69-65 Yellowstone Blvd in Forest Hills has been involved in a recent closed transaction. The property consists of 166 units and is owned by Slate Property Group.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $90,000,000
- Address: 69-65 Yellowstone Blvd
- Market: Forest Hills
- Units: 166
Dustin Stolly, Jordy Roeschlaub, Daniel Fromm, and Dan Morin from Newmark represented the landlord, Slate Property Group, in the deal. The loan for the transaction was provided by Pacific Western Bank.
Players
LENDER
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$90,000,000.00
Monthly NOI$600,000.00
Monthly Debt Service$568,861.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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