Kenneth Luna Secures $14M Refinance And Purchase Loan For Retail Portfolio In Manhattan And Bronx
FINANCED
$14,000,000
New York
See Similar DealsRetail
Financed 06/10/2025
FINANCED
Kenneth Luna Secures $14M Refinance And Purchase Loan For Retail Portfolio In Manhattan And Bronx
3632 Broadway, 3448 Jerome Avenue & 3469 Jerome Avenue
See Similar DealsRetail
Financed 06/10/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The transaction involves a retail portfolio located at 3632 Broadway, 3448-3464 Jerome Avenue & 3469-3489 Jerome Avenue, situated in the Manhattan and Bronx markets. The loan amount for this refinancing and purchase is $14,000,000, facilitated by J.P. Morgan Chase. The landlord in this deal is Kenneth Luna.
Summary of transaction details:
- Property Type: Retail Portfolio
- Transaction Amount: $14,000,000
- Lender: J.P. Morgan Chase
- Landlord: Kenneth Luna
- Broker: Ezra Sutton - Meridian Capital Group
- Date of Transaction: 6/10/2025
Ezra Sutton represents Kenneth Luna in the transaction and is associated with Meridian Capital Group. For those interested in financing options, contact information for Ezra Sutton is provided: (212) 468-5964 and [email protected].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,000,000.00
Monthly NOI$93,333.33
Monthly Debt Service$88,489.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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