ABP Capital Provides $27.7M Loan For Retail Property On Spring St, New York
106 Spring St, New York, NY, 10012
$27,700,000
Building Size
—
Asset Type
Retail
Closing
Dec 6, 2022
AI
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.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93