Broadfield Provides $10.5M Bridge Loan For Package Deal In NYC
FINANCED
$10,500,000
New York
See Similar DealsMultiFamily109,000 SF
Financed 07/26/2023
FINANCED
Broadfield Provides $10.5M Bridge Loan For Package Deal In NYC
150 Lefferts Ave Brooklyn, NY 11225, USA
See Similar DealsMultiFamily109,000 SF
Financed 07/26/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$96
Total Square Footage:109,000 SF
Transaction Type:Loan
The property asset involved in this transaction is a package deal located at 150 Lefferts Avenue and 55 East 21st Street in New York City. The package consists of a total of 109,000 square feet. The transaction took place between the landlord, Jonathan Bombart, and the lender, Broadfield, represented by Uanderson Benedetti.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $10,500,000
- Lender: Broadfield - Uanderson Benedetti
- Landlord: Jonathan Bombart
- Brokers: Joseph Hach, Max Goveia, and Peter Cohen - Refined
- Loan Type: Bridge
Joseph Hach, Max Goveia, and Peter Cohen, representing Refined, acted as brokers in this deal. The loan amount for this transaction was $10,500,000 and it was a bridge loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,500,000.00
Monthly NOI$70,000.00
Monthly Debt Service$66,367.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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