Amalgamated Bank Provides $25M Refinance Loan For Mott Haven Office Building
FINANCED
$25,000,000
New York
See Similar DealsOffice60,969 SF
Financed 10/14/2021
FINANCED
Amalgamated Bank Provides $25M Refinance Loan For Mott Haven Office Building
110 East 149th Street, The Bronx, New York 10455, United States
See Similar DealsOffice60,969 SF
Financed 10/14/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$410
Total Square Footage:60,969 SF
Transaction Type:Loan
The office located at 110 East 149th Street in Mott Haven has been involved in a loan transaction. The property spans 60,969 square feet and is classified as an office space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $25,000,000
- Address: 110 East 149th Street
- Market: Mott Haven
- Lender: Amalgamated Bank
- Landlord: Greg Bauso, Nick Lembo & Kirk Goodrich - Monadnock Development
The loan for this property amounting to $25,000,000 is a refinance. The landlord of the property, represented by Greg Bauso, Nick Lembo, and Kirk Goodrich from Monadnock Development, secured the loan from Amalgamated Bank.
Players
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,000,000.00
Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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