BMO Provides $44M Refinance Loan For Package Deal In New York
FINANCED
$44,000,000
New York
See Similar DealsPackage Deal178,352 SF
Financed 05/25/2023
FINANCED
BMO Provides $44M Refinance Loan For Package Deal In New York
30 E 9th St New York, Ny 10003, Usa & 260 West 87th Street
See Similar DealsPackage Deal178,352 SF
Financed 05/25/2023
Summary
NEW YORK
Asset Type:Package Deal
Price Per Square Foot:$246
Total Square Footage:178,352 SF
Transaction Type:Loan
Two multi-building properties located at 30-40-60 East 9th Street and 260 West 87th Street in New York have been involved in a recent transaction. The package deal consists of a total of 89,176 square feet of space.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $44,000,000
- Lender: BMO
- Brokers: Morris Betesh & Omar Ferreira - Meridian Capital Group
- Loan Type: Refinance
BMO, a prominent lender, facilitated the transaction with a loan amount of $44,000,000. The brokers who represented the parties involved in the deal were Morris Betesh and Omar Ferreira, both from the Meridian Capital Group.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$44,000,000.00
Monthly NOI$293,333.33
Monthly Debt Service$278,109.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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