Updated Oct 29, 2024
Signature Bank Provides $183M Refinance Loan For New York Multifamily Portfolio
New York, United States
$183,000,000
Units
744
Asset Type
MultiFamily
Closing
Aug 11, 2022
About this deal
AI
The multifamily portfolio located in New York has been refinanced with a loan amount of $183,000,000. The portfolio consists of 744 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $183,000,000
- Units: 744
- Market: New York
- Lender: Signature Bank - Joe Fingerman
- Brokers: Chaim Tessler & Ariel Forman - Meridian Capital Group
Joe Fingerman from Signature Bank provided the loan for the refinancing. Chaim Tessler and Ariel Forman, representing Meridian Capital Group, acted as brokers in the transaction.
The multifamily loan at New York, United States in Earlville, New York financed for $183M in 2022. Reported inventory is 744 units across 744 units. Ariel Forman, Ezra Sutton, Chaim Tessler, Josh Rhine appear on the loan alongside Meridian Capital Group. This page is the Earlville, New York file for the New York, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Earlville sit in the Market section below. Filter that Earlville multifamily set by closing date to see what else financed near New York, United States around 2022. Published consideration for New York, United States is $183M, dated 2022. Cite this Signature Bank Provides $183M Refinance Loan For New York Multifamily Portfolio loan when underwriting similar multifamily product around Earlville, New York.
Players
Earlville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93