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Andrea Woodner's Skyline Towers 5 LLC Secures $19.3M Refinancing Deal For Flushing Multifamily With Capital One

Property Image
FINANCED
$19,300,000

New York

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MultiFamily
Financed 04/28/2023
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Property Image
FINANCED

Andrea Woodner's Skyline Towers 5 LLC Secures $19.3M Refinancing Deal For Flushing Multifamily With Capital One

43-23 Colden Street Queens, New York 11355, USA

See Similar Deals
MultiFamily
Financed 04/28/2023
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

Skyline Towers 5 LLC, owned by Andrea Woodner, recently finalized a refinancing deal for a multifamily property located at 43-23 Colden Street in Flushing, Queens. The property consists of 321 residential units and features an elevator. With a total built space of approximately 342,705 square feet, this property has a city-designated market value of $28.5 million.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $19,300,000
  • Lender: Capital One
  • Landlord: Andrea Woodner
  • Loan Type: Refinance

The refinancing deal was secured through a $19.3 million loan provided by Capital One. This transaction allows Skyline Towers 5 LLC and Andrea Woodner to optimize their financial structure, potentially reducing interest rates and/or extending the repayment period. The property generated $6.7 million in revenue and the refinancing deal will further enhance its financial stability.

Players

Capital One
Capital One
LENDER
AW
Andrea Woodner
2 deals$19.3M volume
LANDLORD

Details

FINANCED
IMAGE: 04/28/2023 ADDRESS: 43-23 Colden Street MARKET: Flushing, Queens ASSET TYPE: Multifamily ~ UNITS: 321 LENDER: Capital One LANDLORD: Andrea Woodner LOAN AMOUNT: $19,300,000 LOAN TYPE: Refinance NOTE: Skyline Towers 5 LLC, owned by Andrea Woodner, signed a $19.3 million refinancing deal with Capital One for a 321-unit residential elevator building in Flushing, Queens. The property has 342,705 square feet of built space, generated $6.7 million in revenue, and has a city-designated market value of $28.5 million.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$19,300,000.00

Monthly NOI$128,666.67
Monthly Debt Service$121,989.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00