Customers Bank Provides $39M Refinance Loan For Multifamily Buildings In Sunset Park
FINANCED
$39,000,000
New York
See Similar DealsMultiFamily165,497 SF
Financed 08/10/2022
FINANCED
Customers Bank Provides $39M Refinance Loan For Multifamily Buildings In Sunset Park
4710 7th Avenue, New York City, New York 10001, United States
See Similar DealsMultiFamily165,497 SF
Financed 08/10/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$235
Total Square Footage:165,497 SF
Transaction Type:Loan
The multifamily property located at 4710 7th Avenue, 4714 7th Avenue, and 874 43rd Street in Sunset Park has undergone a loan refinancing transaction. The property spans a total square footage of 165,497, making it a significant asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $39,000,000
- Loan Type: Refinance
- Lender: Customers Bank
- Landlord: Jack Geula
- Date: 08/10/2022
The loan refinancing for this multifamily property was facilitated by Customers Bank. Representing the landlord, Jack Geula played a vital role in the transaction. The refinancing loan amount was $39,000,000, further bolstering the financial stability of the property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$39,000,000.00
Monthly NOI$260,000.00
Monthly Debt Service$246,506.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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