Morgan Stanley Provides $4.3M Loan To Refinance Retail Property On Fulton St In New York
FINANCED
$4,300,000
New York
See Similar DealsRetail2,180 SF
Financed 03/31/2022
FINANCED
Morgan Stanley Provides $4.3M Loan To Refinance Retail Property On Fulton St In New York
111 Fulton Street, New York City, New York 10038, United States
See Similar DealsRetail2,180 SF
Financed 03/31/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,972
Total Square Footage:2,180 SF
Transaction Type:Loan
The retail condominium located at 111 Fulton St in New York, NY has been involved in a refinancing transaction. The property spans a total area of 2,180 square feet and is occupied by Chipotle Mexican Grill.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,300,000
- Loan Type: Refinance
This 10-year fixed-rate loan with full-term interest-only payments was provided by Morgan Stanley. The lender worked with the landlord, The Klein Group, on this transaction. Black Bear Capital Partners, represented by Bryan Manz, Brandon Harris, and George Pektor, served as the brokers for the deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,300,000.00
Monthly NOI$28,666.67
Monthly Debt Service$27,178.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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