Mattone Investors Refinances Retail Property In Springfield Gardens For $30M
FINANCED
$30,000,000
New York
See Similar DealsRetail96,019 SF
Financed 09/09/2021
FINANCED
Mattone Investors Refinances Retail Property In Springfield Gardens For $30M
134-40 Springfield Boulevard, Springfield Gardens, NY, USA
See Similar DealsRetail96,019 SF
Financed 09/09/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$312
Total Square Footage:96,019 SF
Transaction Type:Loan
The property at 134-40 Springfield Boulevard in Springfield Gardens has recently undergone a loan transaction. The retail asset spans a total area of 96,019 square feet. The loan, which took place on September 9, 2021, was a refinancing deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $30,000,000
- Lender: northmarq''>NorthMarq - Robert Delitsky & Charles Cotsalas
- Landlord: Mattone Investors - Michael X. Mattone
The loan was facilitated by NorthMarq, with Robert Delitsky and Charles Cotsalas representing the lending firm in the transaction. On the other side, the landlord, Mattone Investors, was represented by Michael X. Mattone.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,000,000.00
Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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