Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $3.2M Refinance Loan In SoHo
FINANCED
$3,200,000
New York
See Similar DealsRetail
Financed 09/30/2025
FINANCED
Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $3.2M Refinance Loan In SoHo
386 West Broadway
See Similar DealsRetail
Financed 09/30/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The property asset involved in this transaction is a retail space located at 386 West Broadway in the SoHo market of Manhattan. The transaction was a refinance, with a loan amount of $3,200,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,200,000
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Landlord: Michael Alvandi
- Loan Type: Refinance
- Date: 9/29/2025
Key individuals involved in the transaction include Joseph E. Fingerman and Nicholas LaMorte, who represented Peapack Private Bank & Trust as the lender. Michael Alvandi acted as the landlord in this refinancing deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,200,000.00
Monthly NOI$21,333.33
Monthly Debt Service$20,226.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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