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TD Bank's CEO Greg Braca Refinances Glen Cove Multifamily Complex For $10.2M

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FINANCED
$10,200,000

New York

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MultiFamily
Financed 11/29/2020
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Property Image
FINANCED

TD Bank's CEO Greg Braca Refinances Glen Cove Multifamily Complex For $10.2M

400 Carney St, Glen Cove, NY 11542, USA

See Similar Deals
MultiFamily
Financed 11/29/2020
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

Frank Caruso’s F Caruso Realty has refinanced a multifamily complex located at 200 and 400 Carney St. in Glen Cove, NY. The deal was facilitated by TD Bank, with President and CEO Greg Braca overseeing the transaction. The broker for this refinance was Bryan Kallenberg from Meridian Capital Group.

Summary of transaction details

  • Property Type: Multifamily Complex
  • Transaction Amount: $10,200,000
  • Term: 5-Years
  • Rate: 3.73%

This refinancing deal for the multifamily complex at 200 and 400 Carney St. in Glen Cove, NY was successfully closed with the assistance of Frank Caruso’s F Caruso Realty as the landlord. The lender, TD Bank, provided a loan amount of $10,200,000 over a term of 5 years with an interest rate of 3.73%. Greg Braca, the President and CEO of TD Bank, oversaw the transaction. Bryan Kallenberg, representing Meridian Capital Group, acted as the broker for this deal.

Players

8 deals$1.1B volume(877) 244-8532
BROKER

TD Bank
LENDER

Details

FINANCED
IMAGE: Greg Braca and Bryan Kallenberg REFINANCE: ADDRESS: 200 and 400 Carney St. Glen Cove, NY ASSET TYPE: Multifamily Complex LANDLORD: Frank Caruso’s F Caruso Realty LENDER: TD Bank – President and CEO Greg Braca BROKER: Bryan Kallenberg @kallenberg.bryan @Meridian.Capital.Group AMOUNT: $10,200,000 TERM: 5-Years RATE: 3.73%

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,200,000.00

Monthly NOI$68,000.00
Monthly Debt Service$64,470.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00