Signature Bank Provides $50M Refinance Loan For Retail Property At 1007 Flatbush Avenue In Flatbush
FINANCED
$50,000,000
New York
See Similar DealsRetail141,599 SF
Financed 04/22/2022
FINANCED
Signature Bank Provides $50M Refinance Loan For Retail Property At 1007 Flatbush Avenue In Flatbush
1007 Flatbush Avenue, Brooklyn, New York 11226, United States
See Similar DealsRetail141,599 SF
Financed 04/22/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$353
Total Square Footage:141,599 SF
Transaction Type:Loan
Located in Flatbush, the property at 1007 Flatbush Avenue is a retail asset with a total area of 141,599 square feet. Recently, it was involved in a refinancing transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $50,000,000
- Loan Type: Refinance
- Lender: Signature Bank
- Landlord: ACHS Management - Adjmi Family
Signature Bank provided a loan of $50,000,000 to the property owner, ACHS Management - Adjmi Family, for the purpose of refinancing. This deal was finalized on 04/22/2022.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$50,000,000.00
Monthly NOI$333,333.33
Monthly Debt Service$316,034.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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