Starwood Property Trust Provides $42M Loan For Bed-Stuy Luxury Rental Property Acquisition In Brooklyn With Bruman Realty
FINANCED
New York
See Similar DealsOther21,282 SF
Financed 05/03/2018
FINANCED
Starwood Property Trust Provides $42M Loan For Bed-Stuy Luxury Rental Property Acquisition In Brooklyn With Bruman Realty
1875 Atlantic Ave, Brooklyn, NY 11233, USA
See Similar DealsOther21,282 SF
Financed 05/03/2018
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$1,973
Total Square Footage:21,282 SF
Transaction Type:Loan
Summary of transation details
- Property Type: Residential Building
- Transaction Amount: $42,000,000
- Landlord: Joseph Brunner and Abe Mandel’s Bruman Realty
- Lender: Starwood Property Trust – Barry Sternlicht
- Address: 1875 Atlantic Avenue
- City: New York
- Market: Brooklyn
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,000,000.00
Monthly NOI$280,000.00
Monthly Debt Service$265,468.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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