JP Morgan Chase Provides $3,440,000 Refinance Loan For Cedarhurst Retail Property Represented By Alan Friedman
$3,440,000
$3,440,000/SF
Building Size
1 SF
Asset Type
Retail
Closing
Feb 28, 2025
AI
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.
Players
Market 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
4.61%
Cash-on-Cash
-1.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93