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Bayport Funding Provides $4.7M Loan For Upper West Side Townhomes

Property Image
FINANCED
$4,700,000

New York

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Single Family Residence
Financed 05/24/2023
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Property Image
FINANCED

Bayport Funding Provides $4.7M Loan For Upper West Side Townhomes

76 W 105th St New York, NY 10025, USA

See Similar Deals
Single Family Residence
Financed 05/24/2023
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Single Family Residence
Transaction Type:Loan

The development of two triplex townhomes in Manhattan's Upper West Side received a loan of $4.7 million from Bayport Funding. Located at 76 West 105th Street, the property spans nearly 7,000 square feet and features an outdoor community garden and a roof deck with glass railings.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $4,700,000
  • Lender: Bayport Funding - Marcia Kaufman
  • Loan Type: Acquisition & Construction

Bayport Funding, represented by Marcia Kaufman, has granted a loan of $4.7 million for the development of the two triplex townhomes. The property at 76 West 105th Street offers unique features, such as the outdoor community garden and roof deck with glass railings.

Players

Marcia Kaufman
Bayport Funding
Marcia Kaufman
10 deals$34.1M volume
LENDER
Bayport Funding
Bayport Funding
LENDER

Details

FINANCED
IMAGE: Marcia Kaufman DATE: 05/24/2023 ADDRESS: 76 West 105th Street MARKET: Manhattan ASSET TYPE: Single Family LENDER: Bayport Funding (@BayportFunding) - Marcia Kaufman LOAN AMOUNT: $4,700,000 LOAN TYPE: Acquisition & Construction NOTE: Bayport Funding has granted a $4.7 million loan for the development of two triplex townhomes in Manhattan's Upper West Side. The property, located at 76 West 105th Street, spans nearly 7,000 square feet and includes an outdoor community garden and a roof deck with glass railings.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,700,000.00

Monthly NOI$31,333.33
Monthly Debt Service$29,707.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00