TD Bank Provides $1,025,000 Refinance Loan To Landlord David Noor For Retail In Farmingdale
FINANCED
$1,025,000
New York
See Similar DealsRetail2,098 SF
Financed 06/26/2024
FINANCED
TD Bank Provides $1,025,000 Refinance Loan To Landlord David Noor For Retail In Farmingdale
1050 Broad Hollow Road
See Similar DealsRetail2,098 SF
Financed 06/26/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$488
Total Square Footage:2,098 SF
Transaction Type:Loan
The asset involved in this transaction is a retail property located at 1050 Broad Hollow Road, Farmingdale. It has a total square footage of 2,098 and was refinanced for an amount of $1,025,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,025,000
- Lender: TD Bank
- Landlord: David Noor
- Broker: Raviv Gailor & Zachary Grossman - Meridian Capital Group
- Loan Type: Refinance
This transaction highlights the involvement of Raviv Gailor and Zachary Grossman, who represented the interests of the landlord, David Noor, throughout the refinancing process with TD Bank.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,025,000.00
Monthly NOI$6,833.33
Monthly Debt Service$6,478.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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