Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $2.75M Refinance For Yaron Jacobi's Retail Asset
FINANCED
$2,750,000
New York
See Similar DealsRetail
Financed
FINANCED
Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $2.75M Refinance For Yaron Jacobi's Retail Asset
70 Greene Street
See Similar DealsRetail
Financed
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The asset involved in this transaction is a retail property located at 70 Greene Street in the Soho market of Manhattan. The loan amount secured for this property is $2,750,000, classified as a refinance transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,750,000
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Landlord: Yaron Jacobi - Premier Equities
- Loan Type: Refinance
- Date: 6/6/2025
Key individuals in this transaction include Joseph E. Fingerman and Nicholas LaMorte representing Peapack Private Bank & Trust as lenders, along with Yaron Jacobi representing Premier Equities as the landlord in this deal.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,750,000.00
Monthly NOI$18,333.33
Monthly Debt Service$17,381.87
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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