Updated Feb 13, 2025
Anthony Iervolino Of AI Capital Lending Provides $3.67M Recapitalization Loan For Multifamily Purchase
$3,670,000
$80/SF
Building Size
45,900 SF
Asset Type
MultiFamily
Closing
Jan 31, 2025
About this deal
AI
The transaction involves a multifamily asset, targeted for recapitalization which allows the client to leverage the loan for investment in an out-of-state discounted non-performing loan. The loan amount secured for this transaction is $3,670,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,670,000
- Lender: Anthony Iervolino - AI Capital Lending
- Loan Type: Recapitalization
Anthony Iervolino, as the lender, is facilitating the recapitalization process for the client, enabling them to pursue the purchase of a discounted non-performing loan located out of state.
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
4.32%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93