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
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