Dime Community Bank Provides $29.5M Refinance Loan For Mixed-Use & Multifamily Properties In Queens & Manhattan
FINANCED
$29,500,000
New York
See Similar DealsMultiFamily
Financed 05/25/2022
FINANCED
Dime Community Bank Provides $29.5M Refinance Loan For Mixed-Use & Multifamily Properties In Queens & Manhattan
1128 3rd Avenue, New York City, New York 10065, United States
See Similar DealsMultiFamily
Financed 05/25/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
A loan for the properties located at 1128 3 Avenue, 239 West 72 Street, 136-42 Maple Avenue, and 108-20 62 Drive has been refinanced. The properties are a mix of mixed-use and multifamily buildings situated in Queens and Manhattan. The loan, provided by Dime Community Bank, is in the amount of $29,500,000.
Summary of transaction details:
- Property Type: Mixed-Use & Multifamily
- Transaction Amount: $29,500,000
- Market: Queens & Manhattan
The individuals involved in this transaction are Isaac Filler, Yossi Koschitzki, and Elliot Levy from Meridian Capital Group, who acted as brokers. They represented the borrowers in securing the refinancing loan from Dime Community Bank.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$29,500,000.00
Monthly NOI$196,666.67
Monthly Debt Service$186,460.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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