CUNA Mutual Group Provides $25M Loan For Office Building Acquisition At 186 Joralemon St, Brooklyn Heights
FINANCED
$25,000,000
New York
See Similar DealsOffice79,900 SF
Financed 04/30/2020
FINANCED
CUNA Mutual Group Provides $25M Loan For Office Building Acquisition At 186 Joralemon St, Brooklyn Heights
186 Joralemon St, Brooklyn, NY 11201, USA
See Similar DealsOffice79,900 SF
Financed 04/30/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$312
Total Square Footage:79,900 SF
Transaction Type:Loan
The office property located at 186 Joralemon St in Brooklyn Heights was involved in a closed transaction. The property spans a total of 79,900 square feet and is situated in the Brooklyn Heights market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $25,000,000
- Lender: CUNA Mutual Group
- Landlord: Larry A. Wohl
The lender for this transaction was CUNA Mutual Group, while the landlord involved in the deal was Larry A. Wohl.
Players
LENDER
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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