Augustine Real Estate Partners Secures $6.12M Loan For Park Slope Condo
FINANCED
$6,120,000
New York
See Similar Deals8,866 SF
Financed 11/24/2020
FINANCED
Augustine Real Estate Partners Secures $6.12M Loan For Park Slope Condo
114 6th Avenue, Park Slope, Brooklyn, NY, USA
See Similar Deals8,866 SF
Financed 11/24/2020
Summary
NEW YORK
Price Per Square Foot:$690
Total Square Footage:8,866 SF
Transaction Type:Loan
The closed transaction in Park Slope involved a condominium located at 114 6th Avenue. The property, with a size of 8,866 square feet, was acquired by a buyer with the assistance of Augustine Real Estate Partners. Tameer Orevi from Patch of Land Lending served as the broker representative in securing the loan for this transaction. The loan amount for the deal was $6,120,000, with a term of 18 months.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,120,000
- Address: 114 6th Avenue
- Market: Park Slope
- Asset Type: Condo
The buyer in this transaction sought financial support from Patch of Land Lending through their representative, Tameer Orevi. Augustine Real Estate Partners assisted in the acquisition of the condominium in Park Slope, which spans 8,866 square feet. The loan agreement had a term of 18 months and a value of $6,120,000.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,120,000.00
Monthly NOI$40,800.00
Monthly Debt Service$38,682.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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