Michael Besen Refinances Nolita Multifamily Property With $14.9M Loan From Greystone & Co - N. Tyler Darby
FINANCED
$14,930,000
New York
See Similar DealsMultiFamily
FINANCED
Michael Besen Refinances Nolita Multifamily Property With $14.9M Loan From Greystone & Co - N. Tyler Darby
49 Prince Street, New York City, New York 10012, United States
See Similar DealsMultiFamily
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily property located at 49 Prince Street in Nolita, Manhattan has been successfully refinanced. The property consists of 27 units and is owned by Michael Besen.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,930,000
- Loan Type: Refinance
- Lender: Greystone & Co - N. Tyler Darby
- Landlord: Michael Besen
- Date: 10/27/2022
- Market: Nolita, Manhattan
The refinancing was facilitated by Greystone & Co, with N. Tyler Darby as the representative. The loan amount obtained for this transaction was $14,930,000. This successful refinancing allows Michael Besen to optimize the financial aspects of his property investment.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,930,000.00
Monthly NOI$99,533.33
Monthly Debt Service$94,367.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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