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
About this deal
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.
The retail loan at 815 Hutchinson River Pkwy, Bronx, NY... in Bronx, New York financed for $68.5M in 2024. 815 Hutchinson River Pkwy, Bronx, NY... is classified as Retail on Traded. Tzvi Krieger, Morris Diamant, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the Bronx, New York file for the 815 Hutchinson River Pkwy, Bronx, NY... retail financed: pricing, party profiles, and other closed retail comps from the same Bronx sit in the Market section below. Filter that Bronx retail set by closing date to see what else financed near 815 Hutchinson River Pkwy, Bronx, NY... around 2024. Published consideration for 815 Hutchinson River Pkwy, Bronx, NY... is $68.5M, dated 2024. Cite this Natixis Provides $68.5M Loan For Retail Property On Hutchinson River Pkwy, Bronx loan when underwriting similar retail product around Bronx, New York.
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