Laquila Group Inc. Refinanced Self-Storage Properties In Yonkers And Queens With Signature Bank And Kathy Anderson At Progress Capital
280 Fullerton Ave, Yonkers, NY 10704, USA
$36,000,000
Building Size
—
Asset Type
Other
Closing
May 3, 2018
About this deal
AI
The recently closed property transaction involves two self-storage assets located at 280 Fullerton Avenue, Yonkers and 30-46 Northern Boulevard, Queens, in New York. These properties were refinanced through a mortgage refinance loan.
Summary of transaction details:
- Property Type: Self-Storage
- Loan Type: Mortgage Refinance
- Address: 280 Fullerton Avenue, Yonkers and 30-46 Northern Boulevard, Queens
- City: New York
- Landlord: Laquila Group Inc. – Dino Tomassetti
- Lender: Signature Bank – Johnathan DeMarco
- Mortgage Broker: Kathy Anderson, Managing Partner @ Progress Capital
The landlord for these properties is Laquila Group Inc., represented by Dino Tomassetti. The lender for the refinancing is Signature Bank, with Johnathan DeMarco as the representative. Kathy Anderson, the Managing Partner at Progress Capital, served as the mortgage broker for this transaction.
Players
City of Yonkers Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93