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815 Hutchinson River Pkwy, ...

Natixis Provides $68.5M Loan For Retail Property On Hutchinson River Pkwy, Bronx
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

Morris Diamant

Meridian Capital Group

Broker

$543.3M

vol

25 deals

Broker
Natixis
NatixisLender

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