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We Lend Closes $1.83M Multi...

We Lend Closes $1.83M Multifamily Loan In Bridgeport, CT For Value Add Project
FINANCEDMultiFamily

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

We Lend
We LendLender

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