Kew Forest School Secures $10 Million Refinance Loan From Titan Capital In Queens
119 17 Union Turnpike
$10,000,000
$238/SF
Building Size
42,000 SF
Asset Type
School
Closing
Dec 17, 2025
AI
The asset involved in this transaction is a private school located at 119-17 Union Turnpike in Queens, with a total square footage of 42,000. The transaction features a refinance loan amount of $10,000,000, structured to provide financial support for ongoing operations and strategic repositioning of the school.
Summary of transation details:
- Property Type: Private School
- Transaction Amount: $10,000,000
- Loan Type: Refinance
- Loan Terms: 18 Months
- Lender: David Saferstein, Matthew Job, Ira Saferstein & Zach Waldman - Titan Capital
- Landlord: The Kew Forest School
The financial arrangement was originated and structured by Matthew Job, Ira Saferstein, David Saferstein, and Zach Waldman, highlighting key roles within Titan Capital. This transaction emphasizes the firm's expertise in providing critical working capital solutions to educational institutions.
Players
Forest Hills School Market Snapshot
Boundary boundary · School · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93