FINANCEDRetail
Natixis Provides $68.5M Loan For Retail Property On Hutchinson River Pkwy, Bronx
815 Hutchinson River Pkwy, Bronx, NY...
$68,500,000
Building Size
—
Asset Type
Retail
Closing
Nov 22, 2023
AI
Located at 815 Hutchinson River Pkwy in Bronx, NY, the asset involved in the transaction is a retail property. The loan amount secured for this property amounted to $68,500,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $68,500,000.00
- Address: 815 Hutchinson River Pkwy, Bronx, NY
- Market: Bronx
The borrower's representatives for this deal were Morris Diamant and Tzvi Krieger from Meridian Capital Group, while Natixis served as the lender for the transaction.
Players
Bronx Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93