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Luke Hingson, Ronnie Levine Of Meridian Capital Secure $45M Loan On Fulton St Multifamily

Property Image
FINANCED
$45,000,000

New York

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MultiFamily
Financed 11/14/2018
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Property Image
FINANCED

Luke Hingson, Ronnie Levine Of Meridian Capital Secure $45M Loan On Fulton St Multifamily

106 Fulton St, New York, NY, 10038

See Similar Deals
MultiFamily
Financed 11/14/2018
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The property located at 106 Fulton St, New York, NY, 10038, is a MultiFamily asset. The loan for this property was completed on 11/14/2018 with Ladder Capital providing a loan amount of $45,000,000.00.

Summary of transaction details:

The Borrower's Representatives involved in this deal were Luke Hingson and Ronnie Levine from Meridian Capital Group.

Players

Ladder Capital
Ladder Capital
LENDER

Details

FINANCED
IMAGE: 11/14/2018 ADDRESS: 106 Fulton St, New York, NY, 10038 MARKET: New York ASSET TYPE: MultiFamily BORROWER'S REP: Luke Hingson(), Ronnie Levine(Meridian Capital Group) LENDER: Ladder Capital LOAN AMOUNT: $45,000,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$45,000,000.00

Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00