Calmwater Capital Provides $60M Loan For Williamsburg Retail Property
FINANCED
$60,000,000
+ 2
New York
See Similar DealsRetail104,661 SF
Financed
FINANCED
Calmwater Capital Provides $60M Loan For Williamsburg Retail Property
143-157 Roebling Street, Williamsburg, Brooklyn, NY, USA
See Similar DealsRetail104,661 SF
Financed
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$573
Total Square Footage:104661 SF
Transaction Type:Loan
143-157 Roebling & 1-19 Hope Streets in Williamsburg, Brooklyn has been involved in a recent closed transaction. The property is a retail asset, and the deal took place on 09/03/2019.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60,000,000
- Lender: Calmwater Capital
- Landlord: RedSky Capital - Ben Bernstein
- Brokers: AKS Capital Partners - Jonathan Schwartz, Aaron Appel, Keith Kurland, and Adam Schwartz
The lenders, Calmwater Capital, provided a loan of $60,000,000 for the transaction. The property was leased by RedSky Capital, represented by Ben Bernstein. AKS Capital Partners, specifically Jonathan Schwartz, Aaron Appel, Keith Kurland, and Adam Schwartz, acted as the brokers in this deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$60,000,000.00
Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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