Midwood Investment & Development Secures $4.16M Refinance Loan From Peapack Private Bank & Trust
FINANCED
$4,160,000
New York
See Similar DealsMixed-use
Financed 12/19/2025
FINANCED
Midwood Investment & Development Secures $4.16M Refinance Loan From Peapack Private Bank & Trust
100 8th Avenue
See Similar DealsMixed-use
Financed 12/19/2025
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property located at 100 8th Avenue, situated in the Park Slope neighborhood of Brooklyn. This property was refinanced at an amount of $4,160,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,160,000
- Lender: Joseph E. Fingerman & Zachary Bermudez - Peapack Private Bank & Trust
- Landlord: Midwood Investment & Development
- Loan Type: Refinance
- Date: 12/19/2025
The individuals involved in this deal are Joseph E. Fingerman and Zachary Bermudez, who acted as the lender representing Peapack Private Bank & Trust. The landlord of the property is Midwood Investment & Development, who retained ownership through this refinancing effort.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,160,000.00
Monthly NOI$27,733.33
Monthly Debt Service$26,294.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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