Sound Point Capital Management Provides $24.3 Million Refinance For Brooklyn Mixed-use Property
FINANCED
$24,300,000
New York
See Similar DealsMixed-use69,875 SF
Financed 11/06/2025
FINANCED
Sound Point Capital Management Provides $24.3 Million Refinance For Brooklyn Mixed-use Property
Mixed-use69,875 SF
Financed 11/06/2025
Summary
Asset Type:Mixed-use
Price Per Square Foot:$347
Total Square Footage:69,875 SF
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property located in Brooklyn, comprising a total square footage of 69,875 and consisting of 49 units. The transaction was completed with a refinance loan amount of $24,300,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $24,300,000
- Loan Type: Refinance
- Lender: Sound Point Capital Management, L.P.
- Broker: Max Ralby - Newmark
This transaction involved the representation of the interests of the involved parties by broker Max Ralby from Newmark, who facilitated the refinancing process for the property in Brooklyn without repeating the details of the loan or property specifications presented earlier.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,300,000.00
Monthly NOI$162,000.00
Monthly Debt Service$153,592.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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