Island Federal Credit Union Provides $4M Refinance Loan For Woodhaven Office Building
FINANCED
$4,000,000
New York
See Similar DealsOffice28,000 SF
Financed 12/22/2023
FINANCED
Island Federal Credit Union Provides $4M Refinance Loan For Woodhaven Office Building
93-22 Jamaica Avenue
See Similar DealsOffice28,000 SF
Financed 12/22/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$142
Total Square Footage:28,000 SF
Transaction Type:Loan
An office property located at 93-22 Jamaica Avenue in Woodhaven has recently undergone a loan refinancing transaction. The property spans 28,000 square feet and is situated in the Woodhaven market.
Summary of transaction details
- Property Type: Office
- Loan Amount: $4,000,000
- Loan Type: Refinance
- Loan Terms: 5+5/30 Year Amortization
- No Pre-payment Penalty for the Life of the Loan
The loan was provided by Island Federal Credit Union. John Lagoudis from Aegean Commercial Capital acted as the broker in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,000,000.00
Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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