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320 West Fordham Road, The ...

Columbia Pacific Refinances Bronx Multifamily Property With $40M Loan
FINANCEDMultiFamily

Columbia Pacific Refinances Bronx Multifamily Property With $40M Loan

320 West Fordham Road, The Bronx, New York 10468, United States

$40,000,000

$247/SF

Building Size

161,857 SF

Asset Type

MultiFamily

Closing

Mar 1, 2022

AI

The multifamily property located at 320 West Fordham Road in the Bronx has recently undergone a refinancing transaction. The loan for this transaction was provided by Columbia Pacific, with Will Nelson representing the lender. The loan amount for this refinancing deal is $40,000,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $40,000,000
  • Address: 320 West Fordham Road
  • Market: Bronx

The landlord involved in this deal is Dynamic Star, with Gary Segal and Brad Zackson representing the company. The broker responsible for facilitating this transaction is Shlomo Weissberg from Meridian Capital Group.

Players

Shlomo Weissberg

CBRE

Broker

$515.1M

vol

17 deals

Broker
Columbia Pacific Advisors
Columbia Pacific AdvisorsLender
Gary Segal

Gary Segal

Dynamic Star

Landlord

$192.2M

vol

5 deals

Landlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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