Life Insurance Company Provides $15.5 Million Refinance Loan For Retail Asset In Union Square
FINANCED
$15,500,000
New York
See Similar DealsRetail
Financed 12/16/2025
FINANCED
Life Insurance Company Provides $15.5 Million Refinance Loan For Retail Asset In Union Square
Retail
Financed 12/16/2025
Summary
Asset Type:Retail
Transaction Type:Loan
The asset involved in this transaction is a retail property located on West 14th Street in the Union Square market. The property is associated with a refinance loan amount of $15,500,000 with a loan term of 6.04% and is non-recourse.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,500,000
- Lender: Life Insurance Company
- Broker: Zachary Grossman - Meridian Capital Group
- Loan Type: Refinance
- Loan Terms: 6.04%; non-recourse
Zachary Grossman of Meridian Capital Group represented the borrower in this transaction, facilitating the refinance process with the Life Insurance Company as the lender involved in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,500,000.00
Monthly NOI$103,333.33
Monthly Debt Service$97,970.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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