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We Lend completes $1,698,00...

We Lend LLC Provides $1.7M Bridge Loan For Manhasset SFR
FINANCEDCo-Op

We Lend LLC Provides $1.7M Bridge Loan For Manhasset SFR

$1,698,000

Building Size

Asset Type

Co-Op

Closing

Sep 6, 2022

AI

The asset involved in this closed transaction is a single-family residential property (SFR) located in the Manhasset market. The transaction took place on 09/06/2022 and the property was financed through a bridge loan.

Summary of transaction details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $1,698,000
  • Market: Manhasset
  • Lender: We Lend LLC
  • Lender Representative: Ruben Izgelov, Solomon Suleymanov & Moses Suleymanov
  • Loan Type: Bridge

The financing for this transaction was provided by We Lend LLC, with Ruben Izgelov, Solomon Suleymanov, and Moses Suleymanov representing the lender. The property was secured through a bridge loan, which indicates a temporary financing solution typically used when there is a time gap between the purchase of a new property and the sale of an existing one or when funds are needed for a short-term project.

If you have any deals that need financing, you can contact We Lend LLC today at (212) 777-7780 or email them at [email protected].

Players

Moses Suleymanov

We Lend

Lender

$44.4M

vol

24 deals

Lender
We Lend
We LendLender
We Lend
We LendLender

Market Co-Op Market Snapshot

Boundary boundary · Co-Op · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.34%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93