Pinetree Group Secures $2.34M Bridge Loan From Stormfield Capital For Retail In Manhattan
FINANCED
$2,345,000
New York
See Similar DealsRetail4,937 SF
Financed 11/12/2025
FINANCED
Pinetree Group Secures $2.34M Bridge Loan From Stormfield Capital For Retail In Manhattan
554 West 28th Street
See Similar DealsRetail4,937 SF
Financed 11/12/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$475
Total Square Footage:4,937 SF
Transaction Type:Loan
The asset involved in this transaction is a retail property located at 554 West 28th Street in the Manhattan market. The property encompasses a total square footage of 4,937 and has a loan amount of $2,345,000 associated with it. The type of loan secured for this transaction is a bridge loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,345,000
- Loan Type: Bridge
- Lender: Stormfield Capital
- Lender's Representative: Max “Iron Eagle” Antoniou
- Landlord: Pinetree Group
Max “Iron Eagle” Antoniou represents the lender, Stormfield Capital, in this transaction. The landlord of the property is the Pinetree Group, playing a pivotal role in this deal showcasing collaboration between these entities in the retail market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,345,000.00
Monthly NOI$15,633.33
Monthly Debt Service$14,822.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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