Signature Bank Provides $21M Refinance Loan For Office Building At 81 Willoughby Street In Downtown Brooklyn
FINANCED
$21,000,000
New York
See Similar DealsOffice73,860 SF
Financed 08/17/2021
FINANCED
Signature Bank Provides $21M Refinance Loan For Office Building At 81 Willoughby Street In Downtown Brooklyn
81 Willoughby Street, Downtown Brooklyn, Brooklyn, NY, USA
See Similar DealsOffice73,860 SF
Financed 08/17/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$284
Total Square Footage:73,860 SF
Transaction Type:Loan
Located at 81 Willoughby Street in Downtown Brooklyn, this office property spans approximately 73,860 square feet. The asset was recently involved in a refinance transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $21,000,000
- Address: 81 Willoughby Street
- Market: Downtown Brooklyn
- Lender: Signature Bank
- Landlord: Albert Srour
Signature Bank provided a loan amount of $21,000,000 to refinance the office property on 81 Willoughby Street. Albert Srour acts as the landlord in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,000,000.00
Monthly NOI$140,000.00
Monthly Debt Service$132,734.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions