Verus Commercial Real Estate Finance Provides $9M Refinance Loan For Queens Office Property
FINANCED
$9,000,000
New York
See Similar DealsOffice13,370 SF
Financed 04/12/2022
FINANCED
Verus Commercial Real Estate Finance Provides $9M Refinance Loan For Queens Office Property
133-24 41st Road, Queens, New York 11355, United States
See Similar DealsOffice13,370 SF
Financed 04/12/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$673
Total Square Footage:13,370 SF
Transaction Type:Loan
An office property located at 133-24 41st Rd in Queens recently underwent a refinancing transaction. The property spans approximately 13,370 square feet and is situated in the Queens market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,000,000
- Address: 133-24 41st Rd
- Market: Queens
- Lender: Verus Commercial Real Estate Finance
- Loan Type: Refinance
- Lender's Representative: Anthony Iervolino
In this transaction, Verus Commercial Real Estate Finance served as the lender. The loan was facilitated by Anthony Iervolino, the Executive Managing Director at Verus Commercial Real Estate Finance.
To learn more about this transaction, please contact Anthony R. Iervolino, the lender's representative, at [email protected] or 917-554-5608.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,000,000.00
Monthly NOI$60,000.00
Monthly Debt Service$56,886.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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