We Lend Closes $1.83M Multifamily Loan In Bridgeport, CT For Value Add Project
$1,830,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 1, 2024
AI
A multifamily property in Bridgeport, CT was involved in a successful closed and funded project. The loan amount for this value-add project was $1,830,000. The lenders involved in the deal were Ruben Izgelov, Moses Suleymanov, and Solomon Suleymanov from We Lend.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,830,000
- Lender: Ruben Izgelov, Moses Suleymanov & Solomon Suleymanov - We Lend
- Market: Bridgeport, CT
The returning borrower for this project was provided with the most aggressive terms available in the market by the lenders. If there are any multifamily value-add scenarios, interested parties can reach out directly to Solomon Suleymanov at 212.297.3888 or [email protected].
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.67%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93