Updated Sep 5, 2024
Avi Weisberg Refinances Multifamily Portfolio In New Haven For $20.3M
411 Orange St New Haven, CT 06511
$20,300,000
Units
144
Asset Type
MultiFamily
Closing
Aug 19, 2022
About this deal
AI
A multifamily property located at 411 & 539 Orange St., 542 Chapel, 470 Putnam, 476 & 597 Brooks in New Haven, CT, has been involved in a loan transaction. The property consists of 144 units and is owned by Avi Weisberg.
Summary of transation details
- Property Type: Multifamily (1-4 Family)
- Loan Amount: $20,300,000
The loan, valued at $20,300,000, is a refinancing arrangement. It is a 75% loan-to-value (LTV) cash-out refinance with a fixed interest rate of 5.50% for a 30-year term. The rate was locked at the letter of intent (LOI) stage of the transaction.
The brokers involved in the deal are Abe Mann and Aaron Jungreis from Rosewood Realty Group, representing Avi Weisberg.
On the Map
$20,300,000
MultiFamily
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Players
New Haven MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93