Cohane Family Secures $6.66M Loan From Ladder Capital For Greenpoint Package Deal
FINANCED
$6,660,000
New York
See Similar DealsOther
Financed 06/01/2021
FINANCED
Cohane Family Secures $6.66M Loan From Ladder Capital For Greenpoint Package Deal
195 Nassau Ave, Brooklyn, NY, USA
See Similar DealsOther
Financed 06/01/2021
Summary
NEW YORK
Asset Type:Other
Transaction Type:Loan
The package deal in Greenpoint, Brooklyn involved three properties located at 195 Nassau Ave., 266 Nassau Ave., and 102 Eagle St. The deal was facilitated by Matthew Shatz from B6 Real Estate.
Summary of transaction details:
- Property Type: Package Deal
- Loan Amount: $6,660,000
- Term: 10 Years - Full Term Interest Only
- Lender: Ladder Capital
- Landlord: Cohane Family
- Broker: Matthew Shatz - B6 Real Estate
- Market: Greenpoint, Brooklyn
The package deal was secured with a loan amount of $6,660,000 from Ladder Capital. The loan term is set for 10 years with full term interest-only payments. The landlord in this transaction is the Cohane Family. Matthew Shatz from B6 Real Estate represented the parties involved in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,660,000.00
Monthly NOI$44,400.00
Monthly Debt Service$42,095.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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