Updated Oct 28, 2024
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
About this deal
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.
On the Map
$40,000,000
$247/SF
MultiFamily
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Players
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