Bruce Ratner Refinances Brooklyn Multifamily Portfolio With $157M Loan From Helaba
FINANCED
$157,000,000
+ 2
New York
See Similar DealsMultiFamily221,800 SF
Financed 06/01/2022
FINANCED
Bruce Ratner Refinances Brooklyn Multifamily Portfolio With $157M Loan From Helaba
500 Sterling Street, Brooklyn, New York 11225, United States
See Similar DealsMultiFamily221,800 SF
Financed 06/01/2022
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$707
Total Square Footage:221,800 SF
Transaction Type:Loan
A multifamily property in Brooklyn has been refinanced for a loan amount of $157,000,000. The property, located at 500 Sterling, 65 N. 6th, 105 Grand Avenue, 42-44 Meserole & 168-172 Meserole, 365 & 281 Union, 248 Bedford & 128 East 62nd Street, spans a total square footage of 221,800 and comprises 303 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $157,000,000
- Market: Brooklyn
- Lender: helaba''>Helaba
- Landlord: Bruce Ratner
- Brokers: Geoff Goldstein, Steve Klein, Christopher Pratt & Aaron Katz - JLL
The loan was secured with the assistance of Geoff Goldstein, Steve Klein, Christopher Pratt, and Aaron Katz from JLL. The landlord for the property is Bruce Ratner.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$157,000,000.00
Monthly NOI$1,046,666.67
Monthly Debt Service$992,346.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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