Cosentino Companies Secures $36 Million Recapitalization Loan From Provident Bank For Retail Asset In Commack
FINANCED
$36,000,000
New York
See Similar DealsRetail360,275 SF
Financed 07/31/2025
FINANCED
Cosentino Companies Secures $36 Million Recapitalization Loan From Provident Bank For Retail Asset In Commack
Crooked Hill Road
See Similar DealsRetail360,275 SF
Financed 07/31/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$99
Total Square Footage:360,275 SF
Transaction Type:Loan
The asset involved in this transaction is a retail property located at 45, 65, & 85 Crooked Hill Road in Commack, NY. The total square footage of the property is 360,275, and it has secured a loan amount of $36,000,000 for the purpose of recapitalization.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $36,000,000
- Market: Commack, NY
- Lender: Provident Bank
- Landlord: Cosentino Companies
- Brokers: Robert Altman & Brian Warwick
Robert Altman and Brian Warwick are the brokers representing the parties involved in this transaction, facilitating the recapitalization loan process. Their roles are significant in ensuring the smooth execution of the deal and coordinating between the lender and the landlord.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$36,000,000.00
Monthly NOI$240,000.00
Monthly Debt Service$227,544.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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