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2024 Riverdale Street

Lev Facilitates $2.3M Refinance Loan On West Springfield Multifamily Property
FINANCEDMultiFamily

Lev Facilitates $2.3M Refinance Loan On West Springfield Multifamily Property

2024 Riverdale Street

$2,325,000

Building Size

Asset Type

MultiFamily

Closing

Jul 25, 2022

AI

A multifamily property located at 2024-2336 Riverdale St in West Springfield, MA has undergone a loan refinance transaction. The loan amount for this transaction was $2,325,000. The property is a multifamily asset in the market of West Springfield, MA.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,325,000
  • Loan Type: Refinance
  • Loan Terms: 75% LTV, 4.87% fixed rate, 5-year term, 25 years am, 1 year IO, Full Recourse

The brokers involved in this transaction were Yaakov Zar, Ben White, Ryan Delmonte, Matt Rubin, and Carly Rubin from Lev.

Players

Yaakov Zar
Verified Badge

Yaakov Zar

Lev

Broker

$189.3M

vol

34 deals

Broker

Harrison Township 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

6.82%

Cash-on-Cash

-1.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93