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Laquila Group Inc. Refinanced Self-Storage Properties In Yonkers And Queens With Signature Bank And Kathy Anderson At Progress Capital

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FINANCED
$36,000,000

New York

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Financed 05/04/2018
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FINANCED

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

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Other
Financed 05/04/2018
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Summary

NEW YORK
Asset Type:Other
Transaction Type:Loan

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

LENDER

Details

FINANCED
IMAGE: Johnathan DeMarco, Kathy Anderson (@money.girl.kathy) and Dino Tomasetti DATE: 05/04/2018 REFINANCED: LOAN TYPE: Mortgage Refinance ADDRESS: 280 Fullerton Avenue, Yonkers and 30-46 Northern Boulevard, Queens CITY: NewYork ASSET TYPE: Self-Storage LANDLORD: Laquila Group Inc. – Dino Tomassetti LENDER: Signature Bank – Johnathan DeMarco MORTAGE BROKER: Kathy Anderson, Managing Partner @ Progress Capital LOAN AMOUNT: […]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$36,000,000.00

Monthly NOI$240,000.00
Monthly Debt Service$227,544.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00