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203 East Fordham Road, West...

Ladder Capital Finance Provides $24.6M Loan For Retail Property In Fordham
FINANCEDRetail

Ladder Capital Finance Provides $24.6M Loan For Retail Property In Fordham

203 East Fordham Road, West Bronx, Bronx, NY, USA

$24,621,345

$1,077/SF

Building Size

22,842 SF

Asset Type

Retail

Closing

Mar 28, 2021

AI

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.

Players

Ladder Capital
Ladder CapitalLender

Steven Chera

Landlord

$36.9M

vol

5 deals

Landlord

Bronx Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.64%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93