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
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