Crest Realities Secures $25M Loan From Mesa West Capital In New York
118 E 93rd St, New York, NY, 10128
$25,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 28, 2016
AI
The property at 118 E 93rd St, New York, NY, 10128 is a MultiFamily asset. The loan amount secured for this property was $25,000,000.00 in a transaction that took place on July 28, 2016 in New York.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $25,000,000.00
Ronnie Levine from Meridian Capital Group served as the borrower's representative for Crest Realities in this transaction. Mesa West Capital provided the loan for the property.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93