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Northwestern Mutual Life Insurance Provides $82.5M Refinance Loan To Vanbarton Group In Kingsbridge Retail Transaction

Property Image
FINANCED
$82,500,000

New York

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Retail165,255 SF
Financed 10/10/2022
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Property Image
FINANCED

Northwestern Mutual Life Insurance Provides $82.5M Refinance Loan To Vanbarton Group In Kingsbridge Retail Transaction

184 West 237th Street, The Bronx, New York 10463, United States

See Similar Deals
Retail165,255 SF
Financed 10/10/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$499
Total Square Footage:165,255 SF
Transaction Type:Loan

A loan transaction has taken place in Kingsbridge involving a retail property located at 184 & 193 West 237th Street. The property has a building square footage (BSF) of 450,558 and a total square footage (SF) of 165,255.

Summary of transation details

  • Property Type: Retail
  • Transaction Date: 10/10/2022
  • Address: 184 & 193 West 237th Street, Kingsbridge
  • BSF: 450,558
  • SF: 165,255

The lender involved in this loan transaction is Northwestern Mutual Life Insurance, with Brian D. Bennett representing the company. The loan amount for the refinance is $82,500,000. The landlord of the property is the Vanbarton Group, with Justin B. Kleinman as their representative.

Please note that no additional information was provided regarding this loan transaction.

Players

Vanbarton Group
Vanbarton Group
BROKERAGE
Northwestern Mutual
Northwestern Mutual
LENDER
JK
Vanbarton Group
Justin B. Kleinman
2 deals$92.4M volume
LANDLORD

Details

FINANCED
IMAGE: Brian D. Bennett & Justin B. Kleinman DATE: 10/10/2022 ADDRESS: 184 & 193 West 237th Street MARKET: Kingsbridge ASSET TYPE: Retail ~ BSF: 450,558 ~ SF: 165,255 LENDER: Northwestern Mutual Life Insurance (@NorthwesternMutual) - Brian D. Bennett LANDLORD: Vanbarton Group - Justin B. Kleinman LOAN AMOUNT: $82,500,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$82,500,000.00

Monthly NOI$550,000.00
Monthly Debt Service$521,456.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00