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Feil Organization Refinances Whitestone Plaza Retail Center With $12.5M Loan

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FINANCED
$12,500,000

New York

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Retail66,482 SF
Financed 04/17/2024
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Property Image
FINANCED

Feil Organization Refinances Whitestone Plaza Retail Center With $12.5M Loan

153-01 10th Avenue

See Similar Deals
Retail66,482 SF
Financed 04/17/2024
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$188
Total Square Footage:66,482 SF
Transaction Type:Loan

The Feil Organization, operating as East 11th Holding LLC, secured a $12.5 million refinance loan from Mutual of Omaha's United of Omaha Life Insurance Company for Whitestone Plaza, a retail center located at 153-01 10th Avenue in Whitestone, Queens. The property, with a building square footage of 66,482 and a BSF of 198,115, is owned by Jeffrey Feil of the Feil Organization.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $12,500,000
  • Address: 153-01 10th Avenue
  • Market: Whitestone, Queens
  • Lender: Mutual of Omaha
  • Landlord: Jeffrey Feil - Feil Organization
  • Loan Type: Refinance

The loan was provided by Mutual of Omaha to Jeffrey Feil, who represents the Feil Organization in this transaction. Mutual of Omaha's United of Omaha Life Insurance Company acted as the lender for the $12.5 million refinance loan secured for the retail center at Whitestone Plaza.

Players

Mutual of Omaha
Mutual of Omaha
LENDER

Details

FINANCED
IMAGE: Jeffrey Feil DATE: 04/17/2024 ADDRESS: 153-01 10th Avenue MARKET: Whitestone, Queens ASSET TYPE: Retail ~ BSF: 198,115 ~ SF: 66,482 LENDER: Mutual of Omaha LANDLORD: Jeffrey Feil - Feil Organization (@FeilOrganization) LOAN AMOUNT: $12,500,000 LOAN TYPE: Refinance NOTE: The Feil Organization, operating as East 11th Holding LLC, secured a $12.5 million refinance loan from Mutual of Omaha's United of Omaha Life Insurance Company for Whitestone Plaza, a retail center located at 153-01 10th Avenue in Whitestone, Queens.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$12,500,000.00

Monthly NOI$83,333.33
Monthly Debt Service$79,008.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00