Equitas Capital Group Provides $16M Refinance Loan For Mixed-Use Property In Williamsburg, Brooklyn
312 Broadway
$1,600,000
Building Size
—
Asset Type
—
Closing
Sep 2, 2022
About this deal
AI
The mixed-use property located at 312 Broadway in Williamsburg, Brooklyn has recently undergone a closed transaction. Spanning a total of 24,518 square feet, the property encompasses both residential and commercial spaces. The deal was facilitated by broker Alex Leykind from Equitas Capital Group.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $16,000,000
- Loan Type: Refinance
- Loan Terms: Term: 10 years fixed, AMM: 10 years interest only, Non-recourse, Assumable
Equitas Capital Group, led by broker Alex Leykind, specializes in providing tailored solutions for commercial real estate financing needs. Their relationship-driven approach ensures that they invest time and resources in understanding their clients' unique needs and challenges, allowing them to view each loan from an individual perspective. To learn more about how they can assist with financing your next commercial property, you can contact them at 646-637-7510 or [email protected].
Players
Rensselaer CRE Market Snapshot
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93