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255 E Houston St, New York,...

SMA Equities Secures $39.5M Loan From Bank Of The Ozarks In New York
FINANCEDMultiFamily

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

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.

Players

Richard Horowitz

Cooper Horowitz

Broker

$2.7B

vol

40 deals

Broker
Bank of the Ozarks
Bank of the OzarksLender
SMA Equities
SMA EquitiesLandlord

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