Updated Feb 28, 2025
We Lend Provides $1.27M Construction Loan For Multifamily Property In Brooklyn
$1,270,000
$452/SF
Building Size
2,809 SF
Asset Type
MultiFamily
Closing
Jan 5, 2023
About this deal
AI
Nathan Aronov and Moses Suleymanov have successfully secured a construction loan for a multifamily property in Brooklyn. The property spans approximately 2,809 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,270,000
We Lend, a lending company, provided the construction loan for the property. With a loan amount of $1,270,000, the loan will support the development and construction of the multifamily building in Brooklyn.
For any financing inquiries or potential deals, interested parties can contact We Lend at (212) 777-7780 or email them at [email protected].
Players
Market 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
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93