Atlantic Development Group Refinances Multifamily Property In Bedford Park With $11.8M Loan From JLL
FINANCED
$11,828,000
New York
See Similar DealsMultiFamily106,586 SF
Financed 09/15/2022
FINANCED
Atlantic Development Group Refinances Multifamily Property In Bedford Park With $11.8M Loan From JLL
3121 Villa Avenue, The Bronx, New York 10468, United States
See Similar DealsMultiFamily106,586 SF
Financed 09/15/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$111
Total Square Footage:106,586 SF
Transaction Type:Loan
The multifamily property located at 3121 Villa Avenue in Bedford Park has been recently involved in a refinance loan transaction. This property comprises 111 units and spans approximately 106,586 square feet. The loan was arranged by JLL, with Alyssa D. Berquam representing the lender. The loan amount for this transaction was $11,828,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,828,000
- Market: Bedford Park
- Address: 3121 Villa Avenue
- Asset Type: Multifamily
- Square Footage: 106,586
- Units: 111
Atlantic Development Group, led by Peter Fine, serves as the landlord for this property. They were involved in the refinance loan transaction alongside JLL. Peter Fine represents Atlantic Development Group in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,828,000.00
Monthly NOI$78,853.33
Monthly Debt Service$74,761.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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