Updated Mar 11, 2025
New York Community Bank Provides $5.95M Refinance Loan For Phoenix Multifamily Property
2110 North 32nd Street, Phoenix, Arizona 85008, United States
$5,950,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 6, 2022
About this deal
AI
The multifamily property located at 2110 N. 32nd Street in Phoenix, AZ recently underwent a loan refinance transaction. The loan amount for this refinance was $5,950,000. The lender involved in this transaction was New York Community Bank. Simon Rosenfeld from Meridian Capital Group represented the borrower in this deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,950,000
- Address: 2110 N. 32nd Street, Phoenix, AZ
- Lender: New York Community Bank
- Broker: Simon Rosenfeld - Meridian Capital Group
This refinance deal was facilitated by Simon Rosenfeld from Meridian Capital Group. He played a crucial role in representing the borrower during the negotiation process. The successful completion of this transaction demonstrates the expertise and professionalism of all parties involved.
Players
Phoenix MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93