facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

550 Clinton Ave, Brooklyn, ...

FINANCEDMultiFamily

MF1 Capital Provides $204M Refinance Loan For Mixed-Use Property In Clinton Hill

550 Clinton Ave, Brooklyn, NY 11238, USA & 550 Clinton Ave, Brooklyn, NY 11238, USA

$204,000,000

$727/SF

Building Size

280,000 SF

Asset Type

MultiFamily

Closing

Nov 14, 2022

AI

The mixed-use property located at 550 Clinton Avenue in Clinton Hill has undergone a refinancing transaction. The loan amount for this deal was $204,000,000.00. The lender involved in this transaction was MF1 Capital, while the landlord was Hope Street Capital.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $204,000,000.00
  • Lender: MF1 Capital
  • Landlord: Hope Street Capital

Walker & Dunlop played a crucial role in this deal, with brokers Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Diaz, and Sean Bastian representing the parties involved.

Please note that no additional information was available regarding the property's characteristics, address, or market value.

Players

Aaron Appel

Walker & Dunlop

Broker

$33.8B

vol

202 deals

Broker
Square Mile Capital
Square Mile CapitalLender
Hope Street Capital
Hope Street CapitalLandlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93