Investors Bank Refinances $85M Loan For Retail Property On Jamaica Ave
FINANCED
$85,000,000
New York
See Similar DealsRetail63,777 SF
Financed 12/16/2021
FINANCED
Investors Bank Refinances $85M Loan For Retail Property On Jamaica Ave
162-10 Jamaica Ave, Jamaica, NY 11432
See Similar DealsRetail63,777 SF
Financed 12/16/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,332
Total Square Footage:63,777 SF
Transaction Type:Loan
The recently closed transaction involved a retail property located at 162-10 Jamaica Ave. in the Jamaica market. This property spans across 63,777 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $85,000,000
Investors Bank provided the loan for this transaction, which amounted to $85,000,000. The loan type was a refinance. The title agency involved in the deal was @TownTitleAgency.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$85,000,000.00
Monthly NOI$566,666.67
Monthly Debt Service$537,257.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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