Rachel Brill Secures $33M Acquisition And Rehab Loan In Greenpoint, Brooklyn
FINANCED
$33,000,000
New York
See Similar DealsMixed-use104,000 SF
Financed 06/06/2024
FINANCED
Rachel Brill Secures $33M Acquisition And Rehab Loan In Greenpoint, Brooklyn
99 Commercial Street
See Similar DealsMixed-use104,000 SF
Financed 06/06/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$317
Total Square Footage:104,000 SF
Transaction Type:Loan
The mixed-use property located at 99 Commercial Street in Greenpoint, Brooklyn spans 104,000 square feet. The transaction involved an acquisition and rehab loan amounting to $33,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $33,000,000
- Address: 99 Commercial Street
- Market: Greenpoint, Brooklyn
- Lender: Andrew Waldman - 360 Capital Funding
- Landlord: Rachel Brill - Glacier Equities
- Broker: Max Ralby - Newmark
The deal was facilitated by Max Ralby from Newmark, representing the parties involved in the property transaction. The lender for the acquisition and rehab loan was Andrew Waldman from 360 Capital Funding, while the landlord of the property is Rachel Brill from Glacier Equities.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$33,000,000.00
Monthly NOI$220,000.00
Monthly Debt Service$208,582.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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