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Steven Elghanayan's EPIC LLC Secures $15M Refinance Loan For Tribeca Multifamily
FINANCED
$15,000,000
New York
See Similar DealsMultiFamily26,981 SF
Financed 01/18/2024
FINANCED
Steven Elghanayan's EPIC LLC Secures $15M Refinance Loan For Tribeca Multifamily
217-219 West Broadway
See Similar DealsMultiFamily26,981 SF
Financed 01/18/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$555
Total Square Footage:26,981 SF
Transaction Type:Loan
An residential elevator building with seven units located at 217-219 West Broadway in Tribeca, Manhattan has secured a $15 million refinancing loan from Sterling Bank & Trust. The loan was obtained by EPIC LLC, led by Steven Elghanayan, the landlord of the property.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Square Footage: 26,981
- Units: 7
- Lender: Sterling Bank & Trust
- Landlord: Steven Elghanayan
EPIC LLC, managed by Steven Elghanayan, successfully acquired a $15 million refinancing loan from Sterling Bank & Trust to facilitate the property's ongoing capital requirements.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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