National Equity Fund Refinances Multifamily Property In Staten Island For $75.7M
FINANCED
$60,000,000
New York
See Similar DealsMultiFamily
Financed 01/05/2022
FINANCED
National Equity Fund Refinances Multifamily Property In Staten Island For $75.7M
201 Hamilton Avenue, Staten Island, New York 10301, United States
See Similar DealsMultiFamily
Financed 01/05/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is a multifamily located at 201 Hamilton Ave in Staten Island. The property consists of 316 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $75,700,000
- Market: Staten Island
- Address: 201 Hamilton Ave
- Units: 316
The lender in this transaction was National Equity Fund represented by David Martin. They provided a loan of $75,700,000 for the purpose of refinancing.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$60,000,000.00
Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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