Bank Hapoalim Provides $23.2M Refinance Loan For Retail Property In Ditmars Steinway
FINANCED
$23,200,000
New York
See Similar DealsRetail18,310 SF
Financed 07/25/2022
FINANCED
Bank Hapoalim Provides $23.2M Refinance Loan For Retail Property In Ditmars Steinway
21-01 31st Street, Queens, New York 11101, United States
See Similar DealsRetail18,310 SF
Financed 07/25/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,267
Total Square Footage:18,310 SF
Transaction Type:Loan
RockFarmer Properties has secured a refinancing loan for a retail property located at 21-01, 21-07 & 21-13 31st Street in Ditmars Steinway, with a total square footage of 18,310. The loan amount provided by Bank Hapoalim is $23,200,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,200,000
- Address: 21-01, 21-07 & 21-13 31st Street
- Market: Ditmars Steinway
- Loan Type: Refinance
RockFarmer Properties, the landlord, successfully secured the loan from Bank Hapoalim for the retail property at 21-01, 21-07 & 21-13 31st Street in Ditmars Steinway. The loan amount of $23,200,000 will allow RockFarmer Properties to refinance the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,200,000.00
Monthly NOI$154,666.67
Monthly Debt Service$146,639.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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