Canterbury 108, LLC Secures $18.5M Refinancing Loan For 48-Unit Multifamily Building In Upper West Side
204 W 108th St New York, NY 10025, USA
$18,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 8, 2023
AI
Gili Haberberg's entity, Canterbury 108, LLC, secured an $18.5 million refinancing loan from Angel Oak Commercial Lending for the 48-unit residential elevator building (D1) at 204 West 108th Street in Upper West Side, Manhattan. The prior lender was Citizens Bank, which held debt with an original loan amount of $20 million.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $18,500,000
- Units: 48
- Lender: Angel Oak Commercial Lending - Dolly Laubach
- Landlord: Gili Haberberg
- Loan Type: Refinance
This transaction marks Angel Oak Commercial Lending's first instance as a lender in New York City.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93