Overview
Overview
Overview
Overview
Overview
$51-million loan secured by a +/- 360,000 square grocery-anchored power-center located Richmond Avenue on Staten Island. Located adjacent to the 1.3 million square foot Staten Island Mall, the center is one of the premier retail destinations on the island.
$51-million loan secured by a +/- 360,000 square grocery-anchored power-center located Richmond Avenue on Staten Island. Located adjacent to the 1.3 million square foot Staten Island Mall, the center is one of the premier retail destinations on the island.
$51-million loan secured by a +/- 360,000 square grocery-anchored power-center located Richmond Avenue on Staten Island. Located adjacent to the 1.3 million square foot Staten Island Mall, the center is one of the premier retail destinations on the island.
$51-million loan secured by a +/- 360,000 square grocery-anchored power-center located Richmond Avenue on Staten Island. Located adjacent to the 1.3 million square foot Staten Island Mall, the center is one of the premier retail destinations on the island.
$51-million loan secured by a +/- 360,000 square grocery-anchored power-center located Richmond Avenue on Staten Island. Located adjacent to the 1.3 million square foot Staten Island Mall, the center is one of the premier retail destinations on the island.
Loan Type
Permanent
Loan Type
Permanent
Loan Type
Permanent
Loan Type
Permanent
Loan Type
Permanent
Loan Type
Permanent
Property Type
Retail
Property Type
Retail
Property Type
Retail
Property Type
Retail
Property Type
Retail
Property Type
Retail
Area
360,000
ft²
Area
360,000
ft²
Area
360,000
ft²
Area
360,000
ft²
Area
360,000
ft²
Area
360,000
ft²
Address
2795 Richmond Ave, Staten Island, NY 10314
Address
2795 Richmond Ave, Staten Island, NY 10314
Address
2795 Richmond Ave, Staten Island, NY 10314
Address
2795 Richmond Ave, Staten Island, NY 10314
Address
2795 Richmond Ave, Staten Island, NY 10314
Description
Description
Description
Description
The 15-year full term interest-only loan equated to a spread of 110 basis points over the interpolated fifteen-year treasury yield.
The refinancing provided the borrower with significant additional capital for future capital expenditures and corporate growth while significantly lowering the borrower’s debt service. The unusually flat yield curve provided an opportunity for us to extend the borrower’s interest rate protection by providing a term of 15 years with a negligible premium to the 10-year rate.
The 15-year full term interest-only loan equated to a spread of 110 basis points over the interpolated fifteen-year treasury yield.
The refinancing provided the borrower with significant additional capital for future capital expenditures and corporate growth while significantly lowering the borrower’s debt service. The unusually flat yield curve provided an opportunity for us to extend the borrower’s interest rate protection by providing a term of 15 years with a negligible premium to the 10-year rate.
The 15-year full term interest-only loan equated to a spread of 110 basis points over the interpolated fifteen-year treasury yield.
The refinancing provided the borrower with significant additional capital for future capital expenditures and corporate growth while significantly lowering the borrower’s debt service. The unusually flat yield curve provided an opportunity for us to extend the borrower’s interest rate protection by providing a term of 15 years with a negligible premium to the 10-year rate.
The 15-year full term interest-only loan equated to a spread of 110 basis points over the interpolated fifteen-year treasury yield.
The refinancing provided the borrower with significant additional capital for future capital expenditures and corporate growth while significantly lowering the borrower’s debt service. The unusually flat yield curve provided an opportunity for us to extend the borrower’s interest rate protection by providing a term of 15 years with a negligible premium to the 10-year rate.
The 15-year full term interest-only loan equated to a spread of 110 basis points over the interpolated fifteen-year treasury yield.
The refinancing provided the borrower with significant additional capital for future capital expenditures and corporate growth while significantly lowering the borrower’s debt service. The unusually flat yield curve provided an opportunity for us to extend the borrower’s interest rate protection by providing a term of 15 years with a negligible premium to the 10-year rate.
Gallery
Gallery
Gallery
Gallery
Gallery
Staten Island, NY
$51,000,000
Pergament Enterprises Mall
Pergament Enterprises Mall
Staten Island, NY
$51,000,000
Pergament Enterprises Mall
Pergament Enterprises Mall
Staten Island, NY
$51,000,000
Pergament Enterprises Mall
Pergament Enterprises Mall
Staten Island, NY
$51,000,000
Pergament Enterprises Mall
Pergament Enterprises Mall
Staten Island, NY
$51,000,000
Pergament Enterprises Mall
Pergament Enterprises Mall
Staten Island, NY
$51,000,000
Pergament Enterprises Mall
Pergament Enterprises Mall
Staten Island, NY
$51,000,000
Pergament Enterprises Mall
Pergament Enterprises Mall
