LoanCore Capital Provides $42M Loan For Retail Property On 240 E 54th St, New York
FINANCED
$42,000,000
New York
See Similar DealsRetail
FINANCED
LoanCore Capital Provides $42M Loan For Retail Property On 240 E 54th St, New York
240 E 54th St, New York, NY, 10022
See Similar DealsRetail
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The property at 240 E 54th St, New York, NY, 10022, is a retail asset located in the vibrant market of New York. The loan for this property was facilitated by LoanCore Capital, amounting to $42,000,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $42,000,000.00
- Address: 240 E 54th St, New York, NY, 10022
- Market: New York
- Borrower's Rep: Morris Betesh(Meridian Capital Group)
- Lender: LoanCore Capital
Representing the borrower in this deal is Morris Betesh from Meridian Capital Group.
Players
BROKERAGE
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,000,000.00
Monthly NOI$280,000.00
Monthly Debt Service$265,468.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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