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Bong Ho Ha And Mi Kwang Ha Refinance Funeral Home Portfolio In Queens For $4.5M
FINANCED
$4,500,000
New York
See Similar DealsOffice19,242 SF
Financed 02/04/2026
FINANCED
Bong Ho Ha And Mi Kwang Ha Refinance Funeral Home Portfolio In Queens For $4.5M
162-14 Sanford Avenue, 42-16 163rd Street & 42-10 163rd Street
See Similar DealsOffice19,242 SF
Financed 02/04/2026
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$233
Total Square Footage:19,242 SF
Transaction Type:Loan
The properties involved in this refinancing transaction are located at 162-14 Sanford Avenue, 42-16 163rd Street, and 42-10 163rd Street in the Murray Hill neighborhood of Queens. The total square footage of the assets is 6,414. The loan amount secured for this portfolio is $4,500,000 with Bank of Hope as the lender.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,500,000
- Lender: Bank of Hope
- Landlord: Bong Ho Ha & Mi Kwang Ha
- Loan Type: Refinance
Bong Ho Ha and Mi Kwang Ha executed this refinance to leverage their funeral home portfolio in Queens, enhancing their financial strategy while securing their properties with the loan from Bank of Hope.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,500,000.00
Monthly NOI$30,000.00
Monthly Debt Service$28,443.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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