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Feil Organization Secures $23.5M Refinancing For Home Depot Shopping Center In Elmont, NY
FINANCED
$23,500,000
New York
See Similar DealsRetail269,490 SF
Financed 01/19/2024
FINANCED
Feil Organization Secures $23.5M Refinancing For Home Depot Shopping Center In Elmont, NY
600 Hempstead Turnpike
See Similar DealsRetail269,490 SF
Financed 01/19/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$87
Total Square Footage:269,490 SF
Transaction Type:Loan
The Feil Organization has successfully secured a $23.5 million refinancing for the Home Depot Shopping Center in Elmont, NY. The property is a retail asset with approximately 269,490 square feet of space located at 600 Hempstead Turnpike in Elmont. The loan was obtained from Principal Asset Management.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,500,000
- Date: 01/19/2024
- Market: Elmont
- Landlord: Brian Feil - Feil Organization
In this refinancing deal, Patrick G. Halter from Principal Asset Management served as the lender. Brian Feil, representing the Feil Organization, acted as the landlord for the transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,500,000.00
Monthly NOI$156,666.67
Monthly Debt Service$148,535.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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