ABP Capital Provides $27.7M Loan For Retail Property On Spring St, New York
FINANCED
$27,700,000
New York
See Similar DealsRetail
Financed 12/06/2022
FINANCED
ABP Capital Provides $27.7M Loan For Retail Property On Spring St, New York
106 Spring St, New York, NY, 10012
See Similar DealsRetail
Financed 12/06/2022
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The retail property located at 106 Spring St, New York, NY, 10012, was involved in a recent loan transaction. The loan amount secured for this asset was $27,700,000.00. The borrower's representative in this deal was Tim Polglase from Newmark. The lender for this transaction was ABP Capital, situated in New York.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $27,700,000.00
- Address: 106 Spring St, New York, NY, 10012
- Market: New York
- Borrower's Rep: Tim Polglase (Newmark)
- Lender: ABP Capital
The loan transaction at 106 Spring St, New York, NY, 10012, involved Tim Polglase from Newmark representing the borrower and ABP Capital as the lender. This deal underscores the collaboration between these key individuals and companies in the New York market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,700,000.00
Monthly NOI$184,666.67
Monthly Debt Service$175,082.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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