Hirshmark Capital Provides $4M Loan On Retail Property In Northport
FINANCED
$4,000,000
New York
See Similar DealsRetail35,000 SF
Financed 10/20/2021
FINANCED
Hirshmark Capital Provides $4M Loan On Retail Property In Northport
1015 Fort Salonga Road, Northport, NY 11768, USA
See Similar DealsRetail35,000 SF
Financed 10/20/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$114
Total Square Footage:35,000 SF
Transaction Type:Loan
The property involved in the transaction is a retail asset located at 1015 Fort Salonga Road in Northport. It spans a total area of 35,000 square feet. The loan transaction took place on October 20, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Address: 1015 Fort Salonga Road
- Market: Northport
- Lender: Hirshmark Capital
- Landlord: BSG Management Company
- Broker: Mark Levin - Hirshmark Capital
The loan amount for this transaction was $4,000,000. The loan type was loan on loan financing.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,000,000.00
Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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