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KPG Funds Secures $9M Refi Loan For Retail Condo At 102 Chambers St In Tribeca
FINANCED
$8,968,000
New York
See Similar DealsRetail3,086 SF
Financed 05/09/2023
FINANCED
KPG Funds Secures $9M Refi Loan For Retail Condo At 102 Chambers St In Tribeca
330 W 87th St New York, Ny 10024, Usa
See Similar DealsRetail3,086 SF
Financed 05/09/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,906
Total Square Footage:3,086 SF
Transaction Type:Loan
A retail condo located at 102 Chambers Street in Tribeca, Manhattan has a total square footage of 3,086. KPG Funds has secured a refinancing loan valued at $8,968,000 with Ready Capital.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,968,000
- Lender: Ready Capital - Melissa Perez
- Landlord: KPG Funds - Gregory Kraut
- Loan Type: Refinance
The transaction involves key individuals including Melissa Perez, representing Ready Capital, and Gregory Kraut, representing KPG Funds as the landlord in this refinancing deal.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,968,000.00
Monthly NOI$59,786.67
Monthly Debt Service$56,683.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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