Morris Dweck Of KSR Secures $15 Million Refinance Loan From JP Morgan Chase For Retail Asset
FINANCED
$15,000,000
New York
See Similar DealsRetail6,684 SF
Financed 12/11/2024
FINANCED
Morris Dweck Of KSR Secures $15 Million Refinance Loan From JP Morgan Chase For Retail Asset
1114 Madison Avenue
See Similar DealsRetail6,684 SF
Financed 12/11/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,244
Total Square Footage:6,684 SF
Transaction Type:Loan
The property asset involved in this transaction is a retail space located at 1114 Madison Avenue in the Manhattan market. The total square footage of the property is 6,684. The loan amount for this asset is $15,000,000, secured through a refinance loan with a term of 5 years of interest-only payments.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,000,000
- Address: 1114 Madison Avenue
- Market: Manhattan
- Lender: JP Morgan Chase
- Broker: Morris Dweck - KSR
- Loan Type: Refinance
- Loan Terms: 5 years IO
Morris Dweck from KSR represented the financing for this transaction. For any financing inquiries, he can be contacted at [email protected] or 929-353-1764.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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