TARGO Capital Partners Secures $69.7 Million Acquisition Loan From
$69,700,000
Building Size
—
Asset Type
Mixed-use
Closing
May 13, 2026
About this deal
AI
This transaction involves a mixed-use asset situated in the West Village, East Village, and Lower East Side markets. The deal is characterized by a loan amount of $69,700,000, which is categorized as an acquisition loan.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $69,700,000
- Lender:
- Landlord: TARGO Capital Partners
- Landlord's Representative: Morris Betesh, Brandon Serota, Morris Dabbah & Zachary Strauss - Arrow Real Estate Advisors
The key individuals involved in this transaction include Morris Betesh, Brandon Serota, David Gleitman, Morris Dabbah, and Zachary Strauss, all representing Arrow Real Estate Advisors, who are instrumental in facilitating the landlord's interests in this deal.
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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93