LMF Commercial Provides $2.7M Refinance Loan For Mixed-Use Property In Hells Kitchen
FINANCED
$2,700,000
New York
See Similar DealsMixed-use8,000 SF
Financed 03/30/2023
FINANCED
LMF Commercial Provides $2.7M Refinance Loan For Mixed-Use Property In Hells Kitchen
Mixed-use8,000 SF
Financed 03/30/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$337
Total Square Footage:8,000 SF
Transaction Type:Loan
A mixed-use property located in Hells Kitchen, with a total square footage of 8,000, was recently involved in a loan transaction.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $2,700,000
The lender for this loan transaction was LMF Commercial, represented by Nihad Choudhury. The loan was of the refinance type, with the terms being a 10-year CMBS loan with full interest-only payments. The closing of the loan took place within 27 days.
Nate Hyman, from an undisclosed brokerage, served as the broker in this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,700,000.00
Monthly NOI$18,000.00
Monthly Debt Service$17,065.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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