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120 East 90th Street

Guy Shmuel Of Swift Capital, LLC Provides $2.1M Bridge Loan For Condo In Carnegie Hill
FINANCEDCondo

Guy Shmuel Of Swift Capital, LLC Provides $2.1M Bridge Loan For Condo In Carnegie Hill

$2,120,950

Building Size

Asset Type

Condo

Closing

Oct 12, 2023

AI

A bridge loan was obtained for a condominium located in Carnegie Hill, Manhattan. The property, owned by Guy Shmuel, was secured through a loan from Swift Capital, LLC. The loan amount totaled $2,120,950.

Summary of transaction details

Guy Shmuel, the owner of the condo, sought immediate assistance through Swift Capital, LLC for this bridge loan. For any further inquiries or assistance, interested parties were instructed to contact Guy Shmuel at Gadi / @SwiftCapitalLLC or via email at [email protected].

Players

Guy Shmuel

Swift Capital LLC

Broker

$18M

vol

10 deals

Broker
Guy Shmuel

Guy Shmuel

Swift Capital, LLC

Lender

$18M

vol

10 deals

Lender
Swift Capital
Swift CapitalLender

New York Condo Market Snapshot

Boundary boundary · Condo · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.48%

Cash-on-Cash

-2.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93