Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $3.93M Refinance Loan For Thor Equities
FINANCED
$3,925,000
New York
See Similar DealsRetail
Financed 11/19/2025
FINANCED
Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $3.93M Refinance Loan For Thor Equities
424 Broome Street
See Similar DealsRetail
Financed 11/19/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The property asset involved in this transaction is located at 424 Broome Street within the Soho market of Manhattan. It is characterized as a retail asset and was subject to a refinancing loan amounting to $3,925,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,925,000
- Loan Type: Refinance
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Landlord: Thor Equities
- Date of transaction: 11/19/2025
This transaction involved key individuals from Peapack Private Bank & Trust, specifically Joseph E. Fingerman and Nicholas LaMorte, who served as the lenders for the refinancing. Thor Equities was identified as the landlord for the property located at 424 Broome Street.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,925,000.00
Monthly NOI$26,166.67
Monthly Debt Service$24,808.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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