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Rachel Brill Secures $33M Acquisition And Rehab Loan In Greenpoint, Brooklyn

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FINANCED
$33,000,000

New York

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Mixed-use104,000 SF
Financed 06/06/2024
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Property Image
FINANCED

Rachel Brill Secures $33M Acquisition And Rehab Loan In Greenpoint, Brooklyn

99 Commercial Street

See Similar Deals
Mixed-use104,000 SF
Financed 06/06/2024
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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.

Players

Max Ralby
74 deals$3.8B volume
BROKER

360 Capital Funding
LENDER

Details

FINANCED
IMAGE: Andrew Waldman, Max Ralby & Rachel Brill DATE: 06/06/2024 ADDRESS: 99 Commercial Street MARKET: Greenpoint, Brooklyn ASSET TYPE: Mixed-use ~ SF: 104,000 LENDER: Andrew Waldman - 360 Capital Funding LANDLORD: Rachel Brill - Glacier Equities BROKER: Max Ralby (@MaxRalby) - Newmark (@Newmark) LOAN AMOUNT: $33,000,000 LOAN TYPE: Acquisition and Rehab

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Deal Type
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