Customers Bank Provides $11.375M Acquisition Loan For Williamsburg Multifamily
FINANCED
$11,375,000
+ 1
New York
See Similar DealsCommercial32,000 SF
Financed 10/13/2022
FINANCED
Customers Bank Provides $11.375M Acquisition Loan For Williamsburg Multifamily
65 Roebling Street, Brooklyn, New York 11211, United States
See Similar DealsCommercial32,000 SF
Financed 10/13/2022
+ 1
Summary
NEW YORK
Asset Type:Commercial
Price Per Square Foot:$355
Total Square Footage:32,000 SF
Transaction Type:Loan
The multifamily property located at 65-77 Roebling St in Williamsburg, Brooklyn was involved in a recent transaction. The property spans approximately 52,797 square feet and consists of 55 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $11,375,000
- Loan Type: Acquisition
- Loan Terms: 65% of Purchase Price
The loan for this transaction was provided by Customers Bank. The brokers involved in the deal were Dylan Kane and Zach Redding from Colliers.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,375,000.00
Monthly NOI$75,833.33
Monthly Debt Service$71,897.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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