Refinance Loan Secured By Yongyut Limleartvate's New York City Package Deal
FINANCED
$5,755,000
New York
See Similar DealsMultiFamily18,000 SF
Financed 07/25/2023
FINANCED
Refinance Loan Secured By Yongyut Limleartvate's New York City Package Deal
39 E 13th St New York, NY 10003, USA
See Similar DealsMultiFamily18,000 SF
Financed 07/25/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$319
Total Square Footage:18,000 SF
Transaction Type:Loan
A package deal involving two properties located at 39 East 13th Street and 35-23 72nd Street in New York City has secured a refinancing loan. The total square footage of the package deal is 18,000 square feet. The properties are owned by Yongyut Limleartvate and were brokered by Joseph Hach, Max Goveia, and Peter Cohen of Refined.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $5,755,000
- Loan Type: Refinance
- Landlord: Yongyut Limleartvate
- Lender: Spring Bank
- Brokers: Joseph Hach, Max Goveia & Peter Cohen - Refined
The package deal's refinancing loan was provided by Spring Bank. The loan amount for the deal is $5,755,000. The brokers involved in the transaction were Joseph Hach, Max Goveia, and Peter Cohen, representing Refined.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,755,000.00
Monthly NOI$38,366.67
Monthly Debt Service$36,375.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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