LMF Commercial Provides $49 Million Refinance Loan For New York City Mixed-Use Portfolio
FINANCED
$49,000,000
New York
See Similar DealsMixed-use
Financed 12/01/2025
FINANCED
LMF Commercial Provides $49 Million Refinance Loan For New York City Mixed-Use Portfolio
Mixed-use
Financed 12/01/2025
Summary
Asset Type:Mixed-use
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property located in New York City, consisting of 209 residential units and 18,576 square feet of commercial space. The refinancing loan amount was $49,000,000, secured under CMBS terms for a duration of 5 years with a fixed term interest only structure. This property is part of a six-property multifamily portfolio.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $49,000,000
- Lender: LMF Commercial
- Loan Originator: Michael Muscatell
- Broker: Matthew Shatz - Shatz Capital
- Loan Terms: CMBS- 5 Year, FTIO
Michael Muscatell served as the loan originator for this refinancing deal, while Matthew Shatz represented the broker in the transaction. The loan was structured as a refinance for the multifamily portfolio within the New York City market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$49,000,000.00
Monthly NOI$326,666.67
Monthly Debt Service$309,713.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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