Joseph E. Fingerman & Kenneth Stagnari Secure $5M Refinance Loan For Retail Property In Brooklyn
FINANCED
$5,000,000
New York
See Similar DealsRetail
Financed 05/28/2025
FINANCED
Joseph E. Fingerman & Kenneth Stagnari Secure $5M Refinance Loan For Retail Property In Brooklyn
9101 3rd Avenue
See Similar DealsRetail
Financed 05/28/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The asset involved in this transaction is a retail property located at 9101 3rd Avenue in the Brooklyn market. The loan amount for this refinance deal is $5,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Lender: Joseph E. Fingerman & Kenneth Stagnari - Peapack Private Bank & Trust
- Landlord: Louis Lefkowitz Realty
- Loan Type: Refinance
- Transaction Date: 5/28/2025
The key individuals behind this transaction include Joseph E. Fingerman and Kenneth Stagnari, who represent Peapack Private Bank & Trust as the lenders in this loan agreement to Louis Lefkowitz Realty as the landlord of the retail asset.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,000,000.00
Monthly NOI$33,333.33
Monthly Debt Service$31,603.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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