Pacific Western Bank And Mitchell Julis Provide $156M Loan For Mixed-Use Property In Woodside, Queens
FINANCED
$156,000,000
New York
See Similar DealsMixed-use363,873 SF
Financed 07/27/2020
FINANCED
Pacific Western Bank And Mitchell Julis Provide $156M Loan For Mixed-Use Property In Woodside, Queens
72-01 Queens Blvd, Woodside, NY, USA
See Similar DealsMixed-use363,873 SF
Financed 07/27/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$428
Total Square Footage:363,873 SF
Transaction Type:Loan
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $156,000,000
- Units: 364
- Address: 72-01 Queens Blvd., Woodside, Queens
- Market: Woodside, Queens
Mitchell Julis was the lender for the transaction, representing Canyon Partners Real Estate. Pacific Western Bank also participated in the loan as a lender. HG Capital, owned by The Hakimian Organization, acted as the landlord in the deal. Rael Gervis from Meridian Capital Group served as the broker for the transaction.
Players
LENDER
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$156,000,000.00
Monthly NOI$1,040,000.00
Monthly Debt Service$986,026.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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