IDB Provides $17.55M Refinance Loan For Retail Asset In Brooklyn Represented By Eliezer Finkel & Rael Gervis
$17,550,000
$240/SF
Building Size
72,933 SF
Asset Type
Retail
Closing
Sep 10, 2024
AI
The asset involved in this transaction is a retail property located in Brooklyn, spanning 72,933 square feet. The loan amount for this transaction is $17,550,000, categorized as a refinance through lender IDB.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,550,000
- Loan Type: Refinance
- Lender: IDB
- Brokers: Eliezer Finkel & Rael Gervis - Meridian Capital Group
- Date: 09/10/2024
Eliezer Finkel and Rael Gervis are the brokers representing the transaction, facilitating the refinance loan for the retail property in Brooklyn through their agency, Meridian Capital Group.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93