Meridian Capital Group Arranges $23.5M Refinance Loan For Mixed-Use Property On St Marks Place, New York
FINANCED
$23,500,000
New York
See Similar DealsRetail500 SF
Financed 11/07/2022
FINANCED
Meridian Capital Group Arranges $23.5M Refinance Loan For Mixed-Use Property On St Marks Place, New York
28 Saint Marks Place
See Similar DealsRetail500 SF
Financed 11/07/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$47,000
Total Square Footage:500 SF
Transaction Type:Loan
The property at 28-34 St Marks Place in New York has undergone a refinancing deal. The loan amount for this transaction was $23,500,000. The property is a mixed-use asset, combining commercial and residential spaces.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $23,500,000
- Address: 28-34 St Marks Place, New York
- Market: New York
The deal was facilitated by the Meridian Capital Group, with Simon Rosenfeld and Bryan Grimm representing the parties involved in the transaction. Their expertise and experience contributed to the successful refinancing of the property at 28-34 St Marks Place. Note: No additional details were provided regarding the loan type or any other individuals or companies involved in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,500,000.00
Monthly NOI$156,666.67
Monthly Debt Service$148,535.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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