Updated Sep 5, 2024
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
About this deal
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.
On the Map
$2,325,000
MultiFamily
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Players
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