Aandar Real Estate Capital Arranges $15.6M Refinance Loan For 227k SF Office Building In Menands
FINANCED
$15,600,000
New York
See Similar DealsOffice227,000 SF
Financed 12/22/2022
FINANCED
Aandar Real Estate Capital Arranges $15.6M Refinance Loan For 227k SF Office Building In Menands
800 North Pearl Street
See Similar DealsOffice227,000 SF
Financed 12/22/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$68
Total Square Footage:227,000 SF
Transaction Type:Loan
An office property located at 800 North Pearl Street in Menands has recently undergone a refinance transaction. The property spans an impressive 227,000 square feet and is situated in the bustling Menands market.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $15,600,000
- Loan Type: Refinance
- Loan Terms: 75% LTV, 6% Fixed, 7-year term, 30 yr amortization
The deal was facilitated by Jeff Feldman, Aaron Rosenfeld, and Ben Karolitzky from Aandar Real Estate Capital. These brokers played a key role in the successful completion of the refinance.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,600,000.00
Monthly NOI$104,000.00
Monthly Debt Service$98,602.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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