Ladder Capital Finance Provides $24.6M Loan For Retail Property In Fordham
FINANCED
$24,621,345
New York
See Similar DealsRetail22,842 SF
Financed 03/29/2021
FINANCED
Ladder Capital Finance Provides $24.6M Loan For Retail Property In Fordham
203 East Fordham Road, West Bronx, Bronx, NY, USA
See Similar DealsRetail22,842 SF
Financed 03/29/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,077
Total Square Footage:22,842 SF
Transaction Type:Loan
The retail property located at 203 East Fordham Road in Fordham has recently undergone a closed transaction. The property spans across 22,842 square feet and was subject to a loan amount of $24,621,345. The lender for this transaction was Ladder Capital Finance, while the landlord involved was Steven Chera.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $24,621,345
- Address: 203 East Fordham Road
- Market: Fordham
- Lender: Ladder Capital Finance
- Landlord: Steven Chera
- Square Footage: 22,842
The key individuals and companies involved in this deal were Steven Chera as the landlord and Ladder Capital Finance as the lending institution. These details were instrumental in facilitating the successful completion of the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,621,345.00
Monthly NOI$164,142.30
Monthly Debt Service$155,623.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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