Updated Dec 4, 2024
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
A multifamily property located in Brooklyn recently secured a construction loan. The property spans approximately 2,809 square feet and is part of the Nathan Aronov & Moses Suleymanov portfolio.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,270,000
- Market: Brooklyn
- Lender: We Lend
The loan, provided by We Lend, amounted to $1,270,000 and was specifically granted for construction purposes. The lender, We Lend, can be contacted at (212) 777-7780 or via email at [email protected] for any financing inquiries.
We Lend Provides $1.27M Construction Loan For Multifamily Property In Brooklyn is logged as a multifamily loan on Traded (2023). The building is 2,809 square feet, implying about 452 per square foot on the published price. This page is the market file for the We Lend Provides $1.27M Construction Loan For Multifamily Property In Brooklyn multifamily financed: pricing, party profiles, and other closed multifamily comps from the same area sit in the Market section below. Cite this We Lend Provides $1.27M Construction Loan For Multifamily Property In Brooklyn loan when underwriting similar multifamily product.
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