JP Morgan Chase Provides $3,440,000 Refinance Loan For Cedarhurst Retail Property Represented By Alan Friedman
FINANCED
$3,440,000
New York
See Similar DealsRetail1 SF
Financed 02/28/2025
FINANCED
JP Morgan Chase Provides $3,440,000 Refinance Loan For Cedarhurst Retail Property Represented By Alan Friedman
Retail1 SF
Financed 02/28/2025
Summary
Asset Type:Retail
Price Per Square Foot:$3,440,000
Total Square Footage:1 SF
Transaction Type:Loan
The transaction involves a retail asset in Cedarhurst, with a loan amount of $3,440,000. The financing is categorized as a refinance, arranged through JP Morgan Chase.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,440,000
- Lender: JP Morgan Chase
- Broker: Alan Friedman - Meridian Capital Group
- Loan Type: Refinance
- Date: 02/28/2025
Alan Friedman, affiliated with Meridian Capital Group, facilitated the refinance deal. He can be contacted at 212-612-0253 or via email at [email protected] for any inquiries regarding the value added by Meridian to clients' portfolios.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,440,000.00
Monthly NOI$22,933.33
Monthly Debt Service$21,743.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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