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Largo Capital Arranges $17.3 Million Bridge Loan Through Bank Of America For Culver Ridge Plaza
FINANCED
$17,300,000
New York
See Similar DealsRetail291,000 SF
Financed 05/29/2025
FINANCED
Largo Capital Arranges $17.3 Million Bridge Loan Through Bank Of America For Culver Ridge Plaza
2255 East Ridge Road
See Similar DealsRetail291,000 SF
Financed 05/29/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$59
Total Square Footage:291,000 SF
Transaction Type:Loan
Culver Ridge Plaza is a 291,000-square-foot retail shopping center located at 2255 East Ridge Road in Irondequoit, NY. A bridge loan of $17,300,000 has been secured to facilitate its financing.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,300,000
- Lender: Bank of America
- Loan Type: Bridge
- Brokers: Kevin Ross & Michelle Colosimo - Largo Capital
Kevin Ross and Michelle Colosimo from Largo Capital were instrumental in arranging the financing for this deal, collaborating with Bank of America to establish the bridge loan for the shopping center.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,300,000.00
Monthly NOI$115,333.33
Monthly Debt Service$109,347.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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