A&E Real Estate Refinances Flushing Multifamily Property With $54.6M Loan From Deutsche Bank
FINANCED
$54,600,000
New York
See Similar DealsMultiFamily
Financed 10/25/2022
FINANCED
A&E Real Estate Refinances Flushing Multifamily Property With $54.6M Loan From Deutsche Bank
132-57 Sanford Avenue, Queens, New York 11355, United States
See Similar DealsMultiFamily
Financed 10/25/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 132-57 Sanford Avenue in Flushing, Queens recently underwent a refinancing transaction. The property consists of 126 units and is owned by A&E Real Estate. The loan for the refinancing was provided by Deutsche Bank in the amount of $54,600,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $54,600,000
- Address: 132-57 Sanford Avenue
- Market: Flushing, Queens
- Owner: A&E Real Estate
- Loan Type: Refinance
- Units: 126
Deutsche Bank served as the lender for this refinancing transaction, supporting the efforts of A&E Real Estate to optimize the financial position of their multifamily property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$54,600,000.00
Monthly NOI$364,000.00
Monthly Debt Service$345,109.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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