Category: Finance

Nemeroff of Imperial Capital closes  $12 million first mortgage for 130 Bowery Street

Nemeroff of Imperial Capital closes $12 million first mortgage for 130 Bowery Street

November 21, 2017
Manhattan, NY According to Andy Nemeroff, president of Imperial Capital Company, he closed a first mortgage loan, secured by the property at 130 Bowery St. The property was financed with a major CMBS lender for $12 million, with a ten-year fixed-rate and interest only loan for full term. The interest only feature allowed the ownership to maximize cash flow throughout the term, as the loan was at a very conservative loan-to-value amount.