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Palladium Management Secures $4.75M CMBS Loan For Multifamily Property In New Rochelle

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FINANCED
$4,750,000
Andrew Cohen
Max Herzog
Marko Kazanjian
+ 1

New York

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MultiFamily790 SF
Financed 03/15/2021
the dealplayerscompscontact
Property Image
FINANCED

Palladium Management Secures $4.75M CMBS Loan For Multifamily Property In New Rochelle

260 Centre Avenue, New Rochelle, NY, USA

See Similar Deals
MultiFamily790 SF
Financed 03/15/2021
Andrew Cohen
Max Herzog
Marko Kazanjian
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$6,012
Total Square Footage:790 SF
Transaction Type:Loan

The multifamily property located at 260 Centre Avenue in New Rochelle has recently undergone a closed transaction. The deal involved a loan of $4,750,000, secured through a 10-year CMBS loan.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,750,000
  • Address: 260 Centre Avenue, New Rochelle
  • Lender: Michael Deford from LMF
  • Landlord: David Roth from Palladium Management
  • Brokers: Max Herzog, Marko Kazanjian, and Andrew Cohen from Jones Lange LaSalle

The loan was facilitated by Michael Deford, representing LMF. The landlord of the property is David Roth, associated with Palladium Management. The deal was brokered by Max Herzog, Marko Kazanjian, and Andrew Cohen from Jones Lange LaSalle.

Players

Marko Kazanjian
Institutional Property Advisors
Marko Kazanjian
71 deals$5.4B volume
BROKER
Max Herzog
Institutional Property Advisors
Max Herzog
80 deals$5.4B volume(212) 430-5165
BROKER
Andrew Cohen
Institutional Property Advisors
Andrew Cohen
43 deals$3B volume
BROKER
JLL
JLL
BROKERAGE
David Roth
David Roth
9 deals$30.9M volume
LANDLORD

Details

FINANCED
IMAGE: Max Herzog, Marko Kazanjian, Andrew Cohen & David Roth DATE: 03/15/2021 ADDRESS: 260 Centre Avenue MARKET: New Rochelle ASSET TYPE: Multifamily LENDER: Michael Deford - LMF LANDLORD: David Roth @PalladiumManagement - Palladium Management BROKERS: Max Herzog, Marko Kazanjian @MarkoKaz & Andrew Cohen @The_Andrew_Cohen - Jones Lange LaSalle LOAN AMOUNT: $4,750,000 LOAN TERMS: 10 Year - CMBS Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,750,000.00

Monthly NOI$31,666.67
Monthly Debt Service$30,023.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00