Updated Oct 29, 2024
Luke Hingson, Ronnie Levine Of Meridian Capital Secure $45M Loan On Fulton St Multifamily
106 Fulton St, New York, NY, 10038
$45,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 14, 2018
About this deal
AI
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:
- Property Type: MultiFamily
- Transaction Amount: $45,000,000.00
- Market: New York
- Borrower's Rep: Luke Hingson()
- Borrower's Rep: Ronnie Levine(Meridian Capital Group)
- Lender: Ladder Capital
The Borrower's Representatives involved in this deal were Luke Hingson and Ronnie Levine from Meridian Capital Group.
On the Map
$45,000,000
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93