Abp Capital Refinances Retail Property In New York City For $27.7M
FINANCED
$27,700,000
+ 1
New York
See Similar DealsRetail5,936 SF
Financed 12/14/2022
FINANCED
Abp Capital Refinances Retail Property In New York City For $27.7M
106 Spring Street
See Similar DealsRetail5,936 SF
Financed 12/14/2022
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$4,666
Total Square Footage:5,936 SF
Transaction Type:Loan
The retail property located at 106 Spring Street in New York City has undergone a refinancing transaction. The property spans 5,936 square feet and is owned by Paceline Equity Partners.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $27,700,000
- Loan Type: Refinance
The loan for this transaction was provided by Abp Capital. Newmark brokers, Jordan Roeschlaub, Dustin Stolly, Nick Scribani, and Daniel Fromm, represented the parties involved in the deal.
Players
LENDER
LANDLORD
Details
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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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