Daily limit: 0/10
Pasquale DeBenedictis Secures $62.1M Refinance Loan For Nursing Home At 520 Prospect Place In Crown Heights Brooklyn
FINANCED
$62,100,000
New York
See Similar DealsNursing Home118,230 SF
Financed 05/01/2023
FINANCED
Pasquale DeBenedictis Secures $62.1M Refinance Loan For Nursing Home At 520 Prospect Place In Crown Heights Brooklyn
520 Prospect Place Brooklyn, New York 11238, USA
See Similar DealsNursing Home118,230 SF
Financed 05/01/2023
Summary
NEW YORK
Asset Type:Nursing Home
Price Per Square Foot:$525
Total Square Footage:118,230 SF
Transaction Type:Loan
Pasquale DeBenedictis secured a refinancing loan of $62.1 million from Berkadia Commercial Mortgage for the nursing home building located at 520 Prospect Place in Brooklyn's Crown Heights. The property is a nursing home with a total square footage of 118,230.
Summary of transaction details
- Property Type: Nursing Home
- Transaction Amount: $62,120,000
- Address: 520 Prospect Place
- Market: Crown Heights, Brooklyn
- Loan Type: Refinance
- Lender: Berkadia Commercial Mortgage
- Landlord: Pasquale DeBenedictis
- BSF: 152,292
Pasquale DeBenedictis secured the refinancing loan from Berkadia Commercial Mortgage, enabling him to continue operating the nursing home at 520 Prospect Place in Brooklyn's Crown Heights.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$62,100,000.00
Monthly NOI$414,000.00
Monthly Debt Service$392,514.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions