Joseph E. Fingerman & Kenneth A. Stagnari Of Peapack Private Bank & Trust Provide $7.25M Refinance Loan For Retail Property In Brooklyn
447 Fulton Mall
$7,250,000
Building Size
—
Asset Type
Retail
Closing
Oct 29, 2025
About this deal
AI
The property involved in this transaction is located at 447 Fulton Mall in Brooklyn. This asset is categorized as retail and has a loan amount of $7,250,000. The transaction is categorized as a refinance loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,250,000
- Lender: Joseph E. Fingerman & Kenneth A. Stagnari - Peapack Private Bank & Trust
- Landlord: United American Land
- Loan Type: Refinance
- Date of Transaction: 10/30/2025
The key individuals in this transaction are Joseph E. Fingerman and Kenneth A. Stagnari, who represent Peapack Private Bank & Trust in the lending process. Their roles as lenders are crucial in facilitating the refinance for the landlord, United American Land.
On the Map
$7,250,000
Retail
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Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93