Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $5.7M Refinance Loan To Jeff Sutton
FINANCED
$5,700,000
New York
See Similar DealsRetail
Financed 09/29/2025
FINANCED
Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $5.7M Refinance Loan To Jeff Sutton
460 Fulton Mall
See Similar DealsRetail
Financed 09/29/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The asset involved in this transaction is a retail property located at 460 Fulton Mall in Brooklyn. The loan amount for this asset is $5,700,000, which is classified as a refinance type loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,700,000
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Landlord: Jeff Sutton
- Loan Type: Refinance
- Transaction Date: 9/28/2025
The deal was facilitated by Joseph E. Fingerman & Nicholas LaMorte, who represented Peapack Private Bank & Trust as the lender. Jeff Sutton is noted as the landlord associated with this retail property transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,700,000.00
Monthly NOI$38,000.00
Monthly Debt Service$36,027.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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