Jordan Horowitz, Michael Horowitz & David Horowitz Secure $44.5M Refinance Loan In Fresh Meadows
FINANCED
$44,500,000
New York
See Similar DealsMixed-use126,000 SF
Financed 05/05/2025
FINANCED
Jordan Horowitz, Michael Horowitz & David Horowitz Secure $44.5M Refinance Loan In Fresh Meadows
Mixed-use126,000 SF
Financed 05/05/2025
Summary
Asset Type:Mixed-use
Price Per Square Foot:$353
Total Square Footage:126,000 SF
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property situated in Fresh Meadows, encompassing a total square footage of 126,000. The loan amount for this refinance deal is $44,500,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $44,500,000
- Market: Fresh Meadows
- Loan Type: Refinance
- Brokers: Jordan Horowitz, Michael Horowitz & David Horowitz - Cooper Horowitz
The transaction was facilitated by three brokers who played a crucial role in the refinancing process, representing the parties involved effectively throughout the deal. Their expertise and collaboration are critical to the successful completion of this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$44,500,000.00
Monthly NOI$296,666.67
Monthly Debt Service$281,270.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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