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Meridian Capital Group Secures $10.2M Refinance Loan For Mixed-Use Properties In NYC & Bronx

Property Image
FINANCED
$10,200,000

New York

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Mixed-use50,959 SF
Financed 08/10/2022
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Property Image
FINANCED

Meridian Capital Group Secures $10.2M Refinance Loan For Mixed-Use Properties In NYC & Bronx

86 Kenmare Street

See Similar Deals
Mixed-use50,959 SF
Financed 08/10/2022
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$200
Total Square Footage:50,959 SF
Transaction Type:Loan

The recent transaction involves the refinance of multiple mixed-use properties in New York City (NYC) and the Bronx. The properties include 86 Kenmare St., 68 West 3 St., 57 East 95 St., 60 East 34 St., and 2758 Cruger Ave. The loan amount for this refinance deal is $10,200,000.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $10,200,000
  • Market: NYC & Bronx

The financing was arranged by Isaac Filler, Yossi Koschitzki, and Elliot Levy from the Meridian Capital Group. They represented the borrowers in this transaction. Salon Realty acted as the borrower's representative.

This refinance loan provides an opportunity for the property owners to leverage their mixed-use assets in NYC and the Bronx. The transaction was facilitated by the expertise of Isaac Filler, Yossi Koschitzki, and Elliot Levy from the Meridian Capital Group, along with the assistance of Salon Realty as the borrower's representative.

Players

Isaac Filler
77 deals$1.7B volume
BROKER

Yossi Koschitzki
Filler Capital
63 deals$1.3B volume
BROKER

Elliot Levy
Meridian Capital Group
15 deals$431.1M volume
BROKER

Details

FINANCED
IMAGE: Yossi Koschitzki, Isaac Filler & Elliot Levy DATE: 08/10/2022 ADDRESS: 86 Kenmare St., 68 West 3 St., 57 East 95 St., 60 East 34 St. & 2758 Cruger Ave. MARKET: NYC & Bronx ASSET TYPE: Mixed-Use BROKERS: Isaac Filler, Yossi Koschitzki & Elliot Levy - Meridian Capital Group BORROWER'S REP: Salon Realty LOAN AMOUNT: $10,200,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,200,000.00

Monthly NOI$68,000.00
Monthly Debt Service$64,470.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00