Meridian Capital Group Secures $12.25M Refinance Loan For Multifamily Properties On Upper East Side
FINANCED
$12,250,000
New York
See Similar DealsMultiFamily335,000 SF
Financed 02/10/2022
FINANCED
Meridian Capital Group Secures $12.25M Refinance Loan For Multifamily Properties On Upper East Side
1225 Park Avenue, New York City, New York 10128, United States
See Similar DealsMultiFamily335,000 SF
Financed 02/10/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$36
Total Square Footage:335,000 SF
Transaction Type:Loan
The loan for the property located at 1225 Park Avenue and 525 West End Avenue in the Upper East Side has been refinanced. The multifamily asset spans a total square footage of 335,000. The loan amount for this refinance is $12,250,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,250,000
The loan transaction was facilitated by Josh Rhine and Ezra Sutton from the Meridian Capital Group. They represented the parties involved in the deal and played a key role in the successful refinancing process.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,250,000.00
Monthly NOI$81,666.67
Monthly Debt Service$77,428.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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