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
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