Valley National Bank Provides $80M Refinance Loan For Multifamily Property In Crown Heights, Brooklyn
FINANCED
$80,000,000
New York
See Similar DealsMultiFamily
Financed 09/15/2023
FINANCED
Valley National Bank Provides $80M Refinance Loan For Multifamily Property In Crown Heights, Brooklyn
1010 Pacific Street
See Similar DealsMultiFamily
Financed 09/15/2023
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 1010 Pacific Street in Crown Heights, Brooklyn has undergone a refinancing transaction. The loan amount for this transaction was $80,000,000. The lender involved in this refinancing deal is Valley National Bank. The landlord of the property is David Bistricer. The broker representatives for this transaction are Leah Paskus and Pinchas Vogel from Landstone Capital Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $80,000,000
- Lender: Valley National Bank
- Landlord: David Bistricer
- Broker: Leah Paskus & Pinchas Vogel - Landstone Capital Group
The individuals and companies involved in this refinancing deal include David Bistricer as the landlord and Leah Paskus and Pinchas Vogel as the broker representatives from Landstone Capital Group. They played crucial roles in facilitating the loan transaction for the multifamily property at 1010 Pacific Street in Crown Heights, Brooklyn.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$80,000,000.00
Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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