MetLife Provides $51M Loan For Retail Property On Richmond Ave, Staten Island
FINANCED
$51,000,000
New York
See Similar DealsRetail
Financed 10/25/2018
FINANCED
MetLife Provides $51M Loan For Retail Property On Richmond Ave, Staten Island
2795 Richmond Ave, Staten Island, NY...
See Similar DealsRetail
Financed 10/25/2018
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The property located at 2795 Richmond Ave, Staten Island, NY, was involved in a recent transaction. The asset, a retail property, secured a loan amounting to $51,000,000.00. The lender for this transaction was metlife-real-estate-investors-duplicate''>MetLife Real Estate Investors.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $51,000,000.00
- Address: 2795 Richmond Ave, Staten Island, NY
- Market: Staten Island
- Borrower's Representative: Robert "Bob" Altman
- Lender: MetLife Real Estate Investors
Robert "Bob" Altman acted as the borrower's representative in this transaction, showcasing skilled negotiation and representation on behalf of the borrower. His expertise contributed to the successful completion of the deal, highlighting the importance of having knowledgeable professionals in real estate transactions.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$51,000,000.00
Monthly NOI$340,000.00
Monthly Debt Service$322,354.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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