Senlac Ridge Partners Secures $18M Loan For Park Slope Retail Property
FINANCED
$18,000,000
New York
See Similar DealsRetail49,148 SF
Financed 03/20/2021
FINANCED
Senlac Ridge Partners Secures $18M Loan For Park Slope Retail Property
120 5th Avenue, Park Slope, Brooklyn, NY, USA
See Similar DealsRetail49,148 SF
Financed 03/20/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$366
Total Square Footage:49,148 SF
Transaction Type:Loan
The retail property located at 120 5th Avenue in Park Slope has recently undergone a financial transaction. The loan for this property was provided by 10-120 5Ave Lender LLC. The loan amount totaled $18,000,000, and the property spans across 49,148 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,000,000
- Address: 120 5th Avenue
- Market: Park Slope
- Lender: 10-120 5Ave Lender LLC
Senlac Ridge Partners, represented by David Welsh, acted as the landlord in this transaction. David Welsh played a crucial role as the landlord's representative throughout the deal.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,000,000.00
Monthly NOI$120,000.00
Monthly Debt Service$113,772.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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