American Community Bank Provides $1.3M Loan For Acquisition Of Retail Property In Bronx
FINANCED
$1,310,000
New York
See Similar DealsRetail7,700 SF
Financed 06/28/2023
FINANCED
American Community Bank Provides $1.3M Loan For Acquisition Of Retail Property In Bronx
1436 E Gun Hill Rd Bronx, NY 10469, USA
See Similar DealsRetail7,700 SF
Financed 06/28/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$170
Total Square Footage:7,700 SF
Transaction Type:Loan
The retail property at 1436-1446 East Gun Hill Road in Bronx has been involved in a recent loan transaction. The property spans a total area of 7,700 square feet and is now under new ownership.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $1,310,000
- Loan Type: Acquisition
- Loan Terms: 5 Years Fixed / 25 Year Amortization
American Community Bank provided a loan amount of $1,310,000 for the acquisition of the retail property located at 1436-1446 East Gun Hill Road in Bronx. The loan terms include a 5-year fixed period and a 25-year amortization schedule. Eden Ashourzadeh is the landlord of the property, while Jason Au of Au Consultants Inc represented the buyer as the broker in this transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,310,000.00
Monthly NOI$8,733.33
Monthly Debt Service$8,280.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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