First National Bank Of Long Island Refinances Melville Office Building For $20M
FINANCED
$20,000,000
New York
See Similar DealsOffice150,000 SF
Financed 01/03/2022
FINANCED
First National Bank Of Long Island Refinances Melville Office Building For $20M
105 Maxess Road, Melville, New York 11747, United States
See Similar DealsOffice150,000 SF
Financed 01/03/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$133
Total Square Footage:150,000 SF
Transaction Type:Loan
105 Maxess Road, located in Melville, was involved in a recent property transaction. The asset, classified as an office space, spans a total area of 150,000 square feet. This transaction took place on January 3, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $20,000,000
- Lender: First National Bank of Long Island
- Landlord: T. Weiss Realty Corp.
- Broker: Walker & Dunlop
- Loan Type: Refinance
- Loan Terms: 10 year fixed rate loan
Highlighting the key players in this deal, the loan was facilitated by Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, and Craig Weiss. The First National Bank of Long Island served as the lender, while T. Weiss Realty Corp. acted as the landlord. Walker & Dunlop represented the parties involved as the broker.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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