Henry Moses, JR. Secures $12.85M Refinance Loan From JP Morgan Chase For Multifamily Asset
FINANCED
$12,850,000
New York
See Similar DealsMultiFamily
Financed 12/03/2025
FINANCED
Henry Moses, JR. Secures $12.85M Refinance Loan From JP Morgan Chase For Multifamily Asset
507 East 81st Street & 20 Commerce Street
See Similar DealsMultiFamily
Financed 12/03/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 507 East 81st Street & 20 Commerce Street in the Manhattan market. The loan amount for this property is $12,850,000, and it is classified as a refinance loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,850,000
- Lender: JP Morgan Chase
- Landlord: Henry Moses, JR.
- Broker: Ezra Sutton - Meridian Capital Group
- Loan Type: Refinance
The key individuals involved in this transaction include Henry Moses, JR., the landlord, and Ezra Sutton representing Meridian Capital Group as the broker in this deal, facilitating the loan arrangement with JP Morgan Chase.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,850,000.00
Monthly NOI$85,666.67
Monthly Debt Service$81,220.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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