Updated Mar 11, 2025
Bayport Funding Grants $6.15M Bridge Loan For Astoria Development Site
1435 Broadway Queens, Ny 11106, Usa
$6,150,000
Building Size
—
Asset Type
Development Site
Closing
Jul 12, 2023
About this deal
AI
A bridge loan of $6.15 million has been secured from Bayport Funding for the construction of a multifamily development site located at 1435 Broadway in Astoria, Queens. The property is owned by Roz Broadway LIC, LLC.
Summary of transaction details
- Property Type: Development Site
- Loan Amount: $6,150,000
- Loan Type: Bridge loan
- Lender: Bayport Funding - Marcia Kaufman
- Landlord: Roz Broadway LIC, LLC
Bayport Funding, represented by Marcia Kaufman, has provided a bridge loan of $6.15 million for the construction project at 1435 Broadway. The loan will support the development of the multifamily property in Astoria, Queens.
On the Map
$6,150,000
Development Site
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Players
Port Coquitlam Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93