RD Management, Camber Property Group & Valyrian Capital Refinances Multifamily Property In Ridgewood With $47M Loan From Amherst Capital
FINANCED
$47,000,000
+ 2
New York
See Similar DealsRetail2,820 SF
Financed 05/04/2022
FINANCED
RD Management, Camber Property Group & Valyrian Capital Refinances Multifamily Property In Ridgewood With $47M Loan From Amherst Capital
176 Woodward Avenue, Queens, New York 11385, United States
See Similar DealsRetail2,820 SF
Financed 05/04/2022
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$16,666
Total Square Footage:2,820 SF
Transaction Type:Loan
An multifamily property located at 176 Woodward Avenue in Ridgewood has been refinanced for $47,000,000. The property consists of 132 units and is owned by RD Management, Camber Property Group, and Valyrian Capital. The loan was provided by Amherst Capital and has a term of 5 years.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $47,000,000
- Address: 176 Woodward Avenue
- Market: Ridgewood
- Units: 132
- Lender: Amherst Capital
- Landlord: RD Management, Camber Property Group, and Valyrian Capital
- Brokers: Gideon Gil & Lauren Kaufman - Cushman & Wakefield
- Loan Type: Refinance
- Loan Terms: 5-year
Gideon Gil and Lauren Kaufman from Cushman & Wakefield represented the buyer and seller in the deal.
Players
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$47,000,000.00
Monthly NOI$313,333.33
Monthly Debt Service$297,071.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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