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
- Property Type: Condo
- Transaction Amount: $2,120,950
- Lender: Guy Shmuel - Swift Capital, LLC
- Loan Type: Bridge
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
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