Jack Fried Brokers $24M Loan For Shelter Property In Brentwood
FINANCED
$24,000,000
New York
See Similar DealsOther57,500 SF
Financed 11/30/2020
FINANCED
Jack Fried Brokers $24M Loan For Shelter Property In Brentwood
801 Crooked Hill Rd, Brentwood, NY 11717, USA
See Similar DealsOther57,500 SF
Financed 11/30/2020
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$417
Total Square Footage:57,500 SF
Transaction Type:Loan
The property at 801 Crookedhill Rd in Brentwood has been involved in a closed transaction. The property is an asset of the Shelter type. The loan for this transaction was provided by Sterling National Bank, with a loan amount of $24,000,000. The loan terms are 5 year fixed rate at 4%. Stephen Werdiger is the landlord of the property. Jack Fried of GCP Capital Group represented the buyer in this deal.
Summary of Transaction Details
- Property Type: Shelter
- Transaction Amount: $24,000,000
- Lender: Sterling National Bank
- Landlord: Stephen Werdiger
- Broker: Jack Fried - GCP Capital Group
The involvement of Jack Fried from GCP Capital Group as the broker provides valuable insights into the people behind this deal. This partnership between the buyer and the broker facilitated the successful completion of the transaction, highlighting the expertise and professionalism of both parties involved.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,000,000.00
Monthly NOI$160,000.00
Monthly Debt Service$151,696.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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