Meridian Capital Group Arranges $122.04M Refinance Loan For Mixed-Use Property In New York
$122,040,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 28, 2022
AI
The mixed-use property located in New York has recently undergone a loan transaction. The loan, valued at $122,040,000, was obtained for the purpose of refinancing the property.
Summary of transaction details:
- Asset Type: Mixed-use
- Loan Amount: $122,040,000
- Loan Type: Refinance
- Market: New York
The loan transaction was facilitated by Josh Rhine and Ezra Sutton of Meridian Capital Group. They represented the parties involved in the deal and played a crucial role in securing the refinancing loan for the mixed-use property located in New York.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93