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Fort Amsterdam Capital Provides $25.5M Bridge Loan For Mixed-Use Property In SoHo & Water Mill, NY

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FINANCED
$25,500,000

New York

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Mixed-use37,500 SF
Financed 05/26/2023
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Property Image
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
Contact now

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.

Players

LENDER

Details

FINANCED
IMAGE: Evan O'Connor & David Schwartz DATE: 05/26/2023 MARKET: SoHo & Water Mill, NY ASSET TYPE: Mixed-Use ~ SF: 37,500 LENDER: Fort Amsterdam Capital LOAN AMOUNT: $25,500,000 LOAN TYPE: Bridge

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Deal Type
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