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Capital One Provides $10M Loan For Rubin Schron's Multifamily Property In Washington Heights

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FINANCED
$10,025,067

New York

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MultiFamily943,800 SF
Financed 06/10/2020
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Property Image
FINANCED

Capital One Provides $10M Loan For Rubin Schron's Multifamily Property In Washington Heights

90 Laurel Hill Terrace, New York, NY 10033, USA

See Similar Deals
MultiFamily943,800 SF
Financed 06/10/2020
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$10
Total Square Footage:943,800 SF
Transaction Type:Loan

Located in Washington Heights market, the multifamily property at 90 Laurel Hill Terrace has recently undergone a closed transaction. The property, spanning over 94,380 square feet, consists of 86 units. The deal was facilitated by Capital One, who provided a loan amount of $10,025,067. The landlord in this transaction is Cammeby’s International Group, represented by Rubin Schron.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,025,067
  • Address: 90 Laurel Hill Terrace, Washington Heights
  • Units: 86
  • Square Footage: 94,380

Cammeby’s International Group, led by Rubin Schron, played a significant role as the landlord in this closed transaction. Capital One, serving as the lender, provided the substantial loan amount for the deal.

Players

LENDER

11 deals$708.2M volume
LANDLORD

Details

FINANCED
IMAGE: Schron DATE: 06/10/2020 ADDRESS: 90 Laurel Hill Terrace MARKET: Washington Heights ASSET TYPE: Multifamily LENDER: Capital One LANDLORD: Cammeby’s International Group – Rubin Schron LOAN AMOUNT: $10,025,067 UNITS: 86 SF: 94,380

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,025,067.00

Monthly NOI$66,833.78
Monthly Debt Service$63,365.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00