Bank Hapoalim B.M. Provides $29.25M Construction Loan For Multifamily Property In Jamaica, Queens
FINANCED
$29,250,000
New York
See Similar DealsMultiFamily68,498 SF
Financed 01/13/2023
FINANCED
Bank Hapoalim B.M. Provides $29.25M Construction Loan For Multifamily Property In Jamaica, Queens
138-45 Jamaica Avenue
See Similar DealsMultiFamily68,498 SF
Financed 01/13/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$427
Total Square Footage:68,498 SF
Transaction Type:Loan
The multifamily property located at 138-45 Jamaica Avenue in Jamaica, Queens has been involved in a recent closed transaction. The property spans a total square footage of 68,498 and is situated in the bustling market of Jamaica, Queens.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $29,250,000
- Lender: Bank Hapoalim B.M. - New York (BHI) - Mimi Vu
- Landlord: ZD Jasper Realty - Jasper Wu
The key individuals and companies involved in this transaction are worth noting. The lender for this deal was Bank Hapoalim B.M. - New York (BHI), with Mimi Vu representing the bank. On the other hand, ZD Jasper Realty, owned by Jasper Wu, acted as the landlord in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$29,250,000.00
Monthly NOI$195,000.00
Monthly Debt Service$184,879.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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