Updated Sep 5, 2024
Avi Weisberg Refinances New Haven Multifamily Properties In $20.3M Loan With Rosewood Realty Group
411 Orange Street, New Haven, Connecticut 06511, United States
$20,300,000
Units
144
Asset Type
MultiFamily
Closing
Aug 18, 2022
About this deal
AI
Avi Weisberg recently refinanced multiple multifamily properties located in New Haven, CT, including 411 & 539 Orange St., 542 Chapel, 470 Putnam, and 476 & 597 Brooks. These properties boast a total of 144 units and were part of a $20,300,000 loan transaction.
Summary of transaction details:
- Property Type: Multifamily (1-4 Family)
- Transaction Amount: $20,300,000
- Loan Type: Refinance
- Loan Terms: 75% LTV Cash Out Refinance, 5.50% Fixed for 30 Years, Rate Locked at LOI
The loan was arranged by Abe Mann and Aaron Jungreis from Rosewood Realty Group, who represented Avi Weisberg in this transaction.
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