Columbia Pacific Refinances Multifamily Property In Queens For $38.5M
FINANCED
$38,500,000
+ 1
New York
See Similar DealsMultiFamily108,000 SF
Financed 12/03/2021
FINANCED
Columbia Pacific Refinances Multifamily Property In Queens For $38.5M
23-10 Queens Plaza South, Queens, New York 11101, United States
See Similar DealsMultiFamily108,000 SF
Financed 12/03/2021
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$356
Total Square Footage:108,000 SF
Transaction Type:Loan
The multifamily property located at 23-10 Queens Plaza South in Queens has recently undergone a loan refinancing transaction. The loan was provided by Columbia Pacific, with Will Nelson representing the lender. The loan amount for the refinancing was $38,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $38,500,000
- Address: 23-10 Queens Plaza South
- Market: Queens
- Lender: Columbia Pacific – Will Nelson
The landlord for this property is Dynamic Star, represented by Gary Segal and Brad Zackson. The brokerage services were provided by Shlomo Weissberg and Shamir Seidman from Meridian Capital Group.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$38,500,000.00
Monthly NOI$256,666.67
Monthly Debt Service$243,346.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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