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Canterbury 108, LLC Secures $18.5M Refinancing Loan For 48-Unit Multifamily Building In Upper West Side

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FINANCED
$18,500,000

New York

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MultiFamily
Financed 05/08/2023
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FINANCED

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

See Similar Deals
MultiFamily
Financed 05/08/2023
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

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

LENDER

2 deals
LANDLORD

Details

FINANCED
IMAGE: 05/08/2023 ADDRESS: 204 West 108th Street MARKET: Upper West Side, Manhattan ASSET TYPE: Multifamily ~ UNITS: 48 LENDER: Angel Oak Commercial Lending - Dolly Laubach LANDLORD: Gili Haberberg LOAN AMOUNT: $18,500,000 LOAN TYPE: Refinance NOTE: 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, marking Angel Oak's first instance as a lender in New York City. The prior lender was Citizens Bank, which held debt with an original loan amount of $20 million.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$18,500,000.00

Monthly NOI$123,333.33
Monthly Debt Service$116,932.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00