Morgan Stanley Provides $64M Loan For Jamaica Retail Property
FINANCED
$64,000,000
New York
See Similar DealsRetail
Financed
FINANCED
Morgan Stanley Provides $64M Loan For Jamaica Retail Property
Jamaica, Queens, NY, USA
See Similar DealsRetail
Financed
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
A $64 million loan has been secured for a retail property in Jamaica. The transaction took place on May 24, 2021.
Summary of transaction details
- Property Type: Retail
- Loan Amount: $64,000,000
- Loan Term: 10-Year Term, Full Term I/O
- Lender: Morgan Stanley
- Brokers: Charles Grussgott, Cary Pollack & Michael Helmreich - Meridian Capital Group
Morgan Stanley provided the loan for this retail property in Jamaica. The loan term is 10 years with a full term interest-only payment structure. The transaction was facilitated by brokers Charles Grussgott, Cary Pollack, and Michael Helmreich from Meridian Capital Group.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$64,000,000.00
Monthly NOI$426,666.67
Monthly Debt Service$404,523.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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