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Meridian Capital Group Brokers $61.5M Loan For Mixed Use Property In Long Island City

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FINANCED
$61,500,000

New York

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Mixed-use
Financed 12/02/2020
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Property Image
FINANCED

Meridian Capital Group Brokers $61.5M Loan For Mixed Use Property In Long Island City

Long Island City, Queens, NY, USA

See Similar Deals
Mixed-use
Financed 12/02/2020
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Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan

22-43 Jackson Avenue, located in Long Island City, is a mixed-use property that was recently involved in a closed transaction. The property consists of 71 residential units, as well as a Trader Joe's. The deal was facilitated by brokers Adam Hakim, Andrew Iadeluca, and James Murad from Meridian Capital Group. The loan for this transaction was provided by Maxim Capital Group, and the landlords of the property are ZD Jasper Realty and Circle F. Capital. The total amount of the loan was $61,500,000.

Summary of transaction details

  • Property Type: Mixed use
  • Transaction Amount: $61,500,000
  • Address: 22-43 Jackson Avenue
  • Market: Long Island City
  • Brokers: Adam Hakim, Andrew Iadeluca, and James Murad - Meridian Capital Group
  • Lender: Maxim Capital Group
  • Landlords: ZD Jasper Realty and Circle F. Capital

If you are seeking additional information on this deal or need assistance with land, bridge, or construction loans, you can directly contact Andrew Iadeluca at [email protected] or call 212-612-0121.

Players

James Murad
62 deals$2.9B volume(646) 290-2012
BROKER

Andrew Iadeluca
17 deals$689.1M volume(315) 480-2540
BROKER

Adam Hakim
Ripco
60 deals$2.9B volume(646) 290-2011
BROKER

Meridian Capital Group
BROKERAGE


ZD Jasper
LANDLORD

Details

FINANCED
IMAGE: Adam Hakim, Andrew Iadeluca, James Murad, Adam Glick DATE: 12/02/2020 ADDRESS: 22-43 Jackson Avenue MARKET: Long Island City ASSET TYPE: Mixed use LENDER: @MaximCapitalGroup LANDLORD: ZD Jasper Realty & Circle F. Capital BROKERS: Adam Hakim, Andrew Iadeluca & James Murad - Meridian Capital Group AMOUNT: $61,500,000 UNITS: 71 NOTE: Condominium Property. 71 Residential Units + Trader Joes For additional info on this deal and help with any land, bridge, or construction loans, please contact Andrew Iadeluca directly: 📧 [email protected] ☎️ 212-612-0121

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$61,500,000.00

Monthly NOI$410,000.00
Monthly Debt Service$388,721.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00