Zions Bank Provides $101.9M Construction Loan For School In Riverdale
2720 Jerome Crescent, Riverdale West, Hamilton, On, Canada
$101,915,000
$5,363/SF
Building Size
19,000 SF
Asset Type
Other
Closing
Jul 31, 2021
About this deal
AI
A construction loan has been secured for a school property located at 2720 Jerome Avenue in Riverdale. The school has a total area of 19,000 square feet.
Summary of transaction details
- Property Type: School
- Transaction Amount: $101,915,000
- Lender: Zions Bank
- Landlord: KIPP NYC
- Loan Type: Construction
Zions Bank will be providing the loan for the construction project. KIPP NYC, the landlord, will oversee the development of the school.
The other loan at 2720 Jerome Crescent, Riverdale West, Hamilton, On, Canada in Hamilton, New York financed for $101.9M in 2021. The building is 19,000 square feet, implying about 5.4K per square foot on the published price. This page is the Hamilton, New York file for the 2720 Jerome Crescent, Riverdale West, Hamilton, On, Canada other financed: pricing, party profiles, and other closed other comps from the same Hamilton sit in the Market section below. Filter that Hamilton other set by closing date to see what else financed near 2720 Jerome Crescent, Riverdale West, Hamilton, On, Canada around 2021. Published consideration for 2720 Jerome Crescent, Riverdale West, Hamilton, On, Canada is $101.9M, dated 2021. Cite this Zions Bank Provides $101.9M Construction Loan For School In Riverdale loan when underwriting similar other product around Hamilton, New York.
Players
Hamilton Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Deal FAQ
Browse New York other loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93