Fort Amsterdam Capital Provides $25.5M Bridge Loan For Mixed-Use Property In SoHo & Water Mill, NY
FINANCED
$25,500,000
New York
See Similar DealsMixed-use37,500 SF
Financed 05/26/2023
FINANCED
Fort Amsterdam Capital Provides $25.5M Bridge Loan For Mixed-Use Property In SoHo & Water Mill, NY
Mixed-use37,500 SF
Financed 05/26/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$680
Total Square Footage:37,500 SF
Transaction Type:Loan
Fort Amsterdam Capital has provided a $25,500,000 bridge loan for the mixed-use property located in SoHo & Water Mill, NY. The property has a total square footage of 37,500 and is comprised of both residential and commercial spaces.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $25,500,000
- Market: SoHo & Water Mill, NY
- Square Footage: 37,500
Evan O'Connor and David Schwartz were involved in the transaction as key individuals. They represented the parties as brokers in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,500,000.00
Monthly NOI$170,000.00
Monthly Debt Service$161,177.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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