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Leverage Capital Provides $1.1M Rental Loan For 2,000 SF Brooklyn Condo

Property Image
FINANCED
$1,127,500

New York

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2,000 SF
Financed 12/30/2021
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Property Image
FINANCED

Leverage Capital Provides $1.1M Rental Loan For 2,000 SF Brooklyn Condo

1075 Dean Street, Brooklyn, New York 11216, United States

See Similar Deals
2,000 SF
Financed 12/30/2021
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Price Per Square Foot:$563
Total Square Footage:2,000 SF
Transaction Type:Loan

Located at 1075 Dean Street in Brooklyn, this 2,000 square foot condo was recently involved in a closed transaction. The property, captured in a photo by Matt Neptun, is situated in a vibrant market.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,127,500
  • Address: 1075 Dean Street, Brooklyn
  • Market: Brooklyn
  • Loan Type: Rental
  • Loan Terms: 360 months
  • Loan Interest Rate: 4.88%
  • Lender: Leverage Capital
  • Landlord: John Anderson
  • Originator: Matt Neptun - Leverage Capital

The deal was facilitated by Matt Neptun, a representative from Leverage Capital. John Anderson serves as the landlord of the property. The loan, provided by Leverage Capital, amounts to $1,127,500 and has a 360-month term with an interest rate of 4.88%. The property's characteristics and transaction details capture the essence of this successful closed deal.

Players

Leverage Capital Ventures
Leverage Capital Ventures
LENDER

Details

FINANCED
IMAGE: Matt Neptun DATE: 12/30/2021 ADDRESS: 1075 Dean Street MARKET: Brooklyn ASSET TYPE: Condo ~ SF: 2,000 LENDER: Leverage Capital LANDLORD: John Anderson ORIGINATOR: Matt Neptun (@Matt_Neptun) - Leverage Capital (@Leverage_Capital_Ventures) LOAN AMOUNT: $1,127,500 LOAN TYPE: Rental LOAN TERMS: 360 months LOAN INTEREST RATE: 4.88%

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,127,500.00

Monthly NOI$7,516.67
Monthly Debt Service$7,126.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00