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Delshah Capital Secures $18M Refinance Loan For Retail Condo At 761 7th Avenue
FINANCED
$18,000,000
New York
See Similar DealsRetail24,995 SF
Financed 12/31/2024
FINANCED
Delshah Capital Secures $18M Refinance Loan For Retail Condo At 761 7th Avenue
761 7th Avenue
See Similar DealsRetail24,995 SF
Financed 12/31/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$720
Total Square Footage:24,995 SF
Transaction Type:Loan
The property involved in this transaction is a retail condo located at 761 7th Avenue, Midtown West, Manhattan, consisting of 24,995 square feet. The refinancing agreement was secured at a loan price of $720 per square foot, amounting to an $18 million loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,000,000
- Loan Type: Refinance
- Lender: P. Alex Livingston III & Philip Russ - Longline Holdings
- Landlord: Michael Shah - Delshah Capital
P. Alex Livingston III and Philip Russ, representing Longline Holdings, were involved as lenders in this deal. The refinancing was orchestrated by Delshah Capital, with Michael Shah as the landlord, underscoring the key players in this financial agreement.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,000,000.00
Monthly NOI$120,000.00
Monthly Debt Service$113,772.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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