Columbia Pacific Refinances Bronx Multifamily Property With $40M Loan
FINANCED
$40,000,000
New York
See Similar DealsMultiFamily161,857 SF
Financed 03/02/2022
FINANCED
Columbia Pacific Refinances Bronx Multifamily Property With $40M Loan
320 West Fordham Road, The Bronx, New York 10468, United States
See Similar DealsMultiFamily161,857 SF
Financed 03/02/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$247
Total Square Footage:161,857 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,000,000.00
Monthly NOI$266,666.67
Monthly Debt Service$252,827.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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