Updated Dec 2, 2024
SMA Equities Secures $39.5M Loan From Bank Of The Ozarks In New York
255 E Houston St, New York, NY, 10002
$39,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 20, 2017
About this deal
AI
The property at 255 E Houston St, New York, NY, 10002, is a MultiFamily asset located in New York. The loan for this property, facilitated on 12/20/2017, involved a transaction amount of $39,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $39,500,000.00
- Market: New York
- Lender's Rep: Commercial and Residential Real Estate Broker()
- Borrower's Rep: Richard Horowitz(Cooper Horowitz)
- Borrower: SMA Equities
- Lender: Bank of the Ozarks
The borrower's representative in this transaction was Richard Horowitz from Cooper Horowitz. The lender, Bank of the Ozarks, provided the financing for the loan.
On the Map
$39,500,000
MultiFamily
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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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93