Filler Capital Secures $5.25M Refinance Loan For 64,000 SF Medical Office In Hempstead
FINANCED
$5,250,000
+ 3
New York
See Similar DealsOffice64,000 SF
Financed 02/21/2025
FINANCED
Filler Capital Secures $5.25M Refinance Loan For 64,000 SF Medical Office In Hempstead
1 Fulton Avenue
See Similar DealsOffice64,000 SF
Financed 02/21/2025
+ 3
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$82
Total Square Footage:64,000 SF
Transaction Type:Loan
A 64,000 SF medical office/industrial building located at 1 Fulton Avenue in the Hempstead submarket of Long Island, NY has been successfully refinanced. The loan amount for this transaction is $5,250,000.
Summary of transaction details:
- Property Type: Medical Office/Industrial
- Transaction Amount: $5,250,000
- Lender: Andrew Walsh - HAB Bank
- Brokers: Isaac Filler, Michael Neumann, Steven Edelstein, Shaya Hirtz, Jordan Gellman & Yossi Koschitzki - Filler Capital
- Loan Type: Refinance
Filler Capital LLC, represented by the brokers listed, has arranged the refinancing of the asset, showcasing its involvement in facilitating this transaction with HAB Bank as the lending institution.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,250,000.00
Monthly NOI$35,000.00
Monthly Debt Service$33,183.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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