Signature Bank Provides $4.96M Refinance Loan For Retail Property At 136-150 Dyckman St. In New York (Carol Shelby, Eric Schleif - Meridian Capital Group Represented The Borrower)
FINANCED
$4,960,000
New York
See Similar DealsRetail18,327 SF
Financed 05/10/2022
FINANCED
Signature Bank Provides $4.96M Refinance Loan For Retail Property At 136-150 Dyckman St. In New York (Carol Shelby, Eric Schleif - Meridian Capital Group Represented The Borrower)
136 Dyckman Street, New York City, New York 10040, United States
See Similar DealsRetail18,327 SF
Financed 05/10/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$270
Total Square Footage:18,327 SF
Transaction Type:Loan
136-150 Dyckman Street, a retail property located in New York, was recently involved in a loan transaction. The property spans an area of 18,327 square feet, making it a sizable asset in the market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,960,000
- Date: 05/10/2022
- Lender: Signature Bank
- Landlord: Jem Realty Management - Alan J. Jemal
- Brokers: Carol Shelby & Eric Schleif - Meridian Capital Group
Carol Shelby and Eric Schleif, representing Meridian Capital Group, facilitated the loan transaction. The loan amount of $4,960,000 was provided by Signature Bank. This refinancing deal allowed the property's landlord, Jem Realty Management - Alan J. Jemal, to optimize their financial position.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,960,000.00
Monthly NOI$33,066.67
Monthly Debt Service$31,350.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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