Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $5.7M Loan To Alchemy Ventures
FINANCED
$5,700,000
New York
See Similar DealsMixed-use
Financed 01/27/2026
FINANCED
Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $5.7M Loan To Alchemy Ventures
78 East 1st Street
See Similar DealsMixed-use
Financed 01/27/2026
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The property asset involved is a mixed-use building located at 78 East 1st Street in the East Village market. The loan amount secured for the acquisition of this asset is $5,700,000.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $5,700,000
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Landlord: Alchemy Ventures
- Loan Type: Acquisition
The key individuals in this transaction are Joseph E. Fingerman and Nicholas LaMorte, who represent Peapack Private Bank & Trust as the lenders, facilitating the financing for Alchemy Ventures, the landlord involved in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,700,000.00
Monthly NOI$38,000.00
Monthly Debt Service$36,027.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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