We Lend Refinances Multifamily Property In Brooklyn With $1,130,000 Loan
Brooklyn, New York, United States
$1,130,000
$416/SF
Building Size
2,712 SF
Asset Type
—
Closing
Dec 14, 2021
About this deal
AI
A multifamily property in Brooklyn has been refinanced for a loan amount of $1,130,000. The property has a total square footage of 2,712 and is located in the Brooklyn market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,130,000
The loan was obtained from We Lend, with Solomon Suleymanov, Ruben Izgelov, and Moses Suleymanov representing the lender. The loan is categorized as a refinance and falls under the Rental Program.
The commercial loan at Brooklyn, New York, United States in New York, New York financed for $1.1M in 2021. The building is 2,712 square feet, implying about 416 per square foot on the published price. Named participants on the Brooklyn, New York, United States loan are Moses Suleymanov, Ruben Izgelov. This page is the New York, New York file for the Brooklyn, New York, United States commercial financed: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else financed near Brooklyn, New York, United States around 2021. Published consideration for Brooklyn, New York, United States is $1.1M, dated 2021. Cite this We Lend Refinances Multifamily Property In Brooklyn With $1,130,000 Loan loan when underwriting similar commercial product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.04%
Cash-on-Cash
-4.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93