Joseph E. Fingerman & Kenneth A. Stagnari Of Peapack Private Bank & Trust Provide $7.25M Refinance Loan For Retail Property In Brooklyn
FINANCED
$7,250,000
New York
See Similar DealsRetail
Financed 10/30/2025
FINANCED
Joseph E. Fingerman & Kenneth A. Stagnari Of Peapack Private Bank & Trust Provide $7.25M Refinance Loan For Retail Property In Brooklyn
447 Fulton Mall
See Similar DealsRetail
Financed 10/30/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,250,000.00
Monthly NOI$48,333.33
Monthly Debt Service$45,824.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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