New York Community Bank Provides $15M Refinance Loan For Retail Property In Rocky Point & Stony Brook, NY With Brokers Bryan Geffen & Sam Katz - Meridian Capital Group
FINANCED
$15,000,000
New York
See Similar DealsRetail96,898 SF
Financed 11/23/2021
FINANCED
New York Community Bank Provides $15M Refinance Loan For Retail Property In Rocky Point & Stony Brook, NY With Brokers Bryan Geffen & Sam Katz - Meridian Capital Group
47 Route 25a, Rocky Point, New York 11778, United States
See Similar DealsRetail96,898 SF
Financed 11/23/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$154
Total Square Footage:96,898 SF
Transaction Type:Loan
The retail property located at 47-91 Route 25A & 211-213 Hallock Road in Rocky Point & Stony Brook has recently undergone a loan refinance. The property spans a total of 96,898 square feet.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $15,000,000
- Loan Type: Refinance
- Loan Term: 5 years
- Loan Amount: $15,000,000
- Lender: New York Community Bank
- Brokers: Bryan Geffen & Sam Katz - Meridian Capital Group
The loan refinance, valued at $15,000,000, was facilitated by New York Community Bank. Representing the transaction were Bryan Geffen & Sam Katz from the Meridian Capital Group.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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