Madison International Realty's Ronald M. Dickerman Secures $100M Refinance For Queens Shopping Mall With Natixis' Laurent Mignon
FINANCED
$100,000,000
New York
See Similar DealsOther9,999,999 SF
Financed 04/25/2018
FINANCED
Madison International Realty's Ronald M. Dickerman Secures $100M Refinance For Queens Shopping Mall With Natixis' Laurent Mignon
88-15 Queens Blvd, Queens, NY 11373, USA
See Similar DealsOther9,999,999 SF
Financed 04/25/2018
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$10
Total Square Footage:9,999,999 SF
Transaction Type:Loan
A shopping mall located at 88-15 Queens Boulevard in New York has been refinanced for a total amount of $100,000,000. The property is situated in Queens, a prominent market in the city.
Summary of transaction details
- Property Type: Shopping Mall
- Transaction Amount: $100,000,000
- Address: 88-15 Queens Boulevard, New York
- Market: Queens
The landlord of the shopping mall is Madison International Realty, represented by Ronald M. Dickerman. On the other hand, the loan for this refinancing was provided by natixis''>Natixis, with Laurent Mignon representing the lender. The loan replaces and consolidates $77 million in old debt previously held by Northwestern Mutual.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$100,000,000.00
Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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