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Size37,828 sq ft
MarketQueens, NY
Transaction overview
Structured with future funding for capital expenditures and leasing costs. Acquired through a sale-leaseback with 66.8% occupied by seller at closing.
The sponsor will implement a lease-up program for vacated space through a reputable leasing broker.
Highlights
- Medical office
- Sale-leaseback
- Future funding
- Queens, NY
Loan details
- Loan type
- Floating rate bridge loan
- Structure
- Acquisition — sale-leaseback
Structure
- Recourse
- Typically non-recourse except for standard carve-outs
Terms
- Term
- 6 months to 5 years
Markets
- Markets
- Primary, secondary, and select tertiary U.S. markets
Additional information
- Transaction details are provided for informational purposes based on publicly available deal summaries.
