We Lend Closes $5M Bridge Loan For Luxury Condo In Upper East Side, Manhattan
200 E 83rd St New York, NY 10028, USA
$5,000,000
$2,209/SF
Building Size
2,263 SF
Asset Type
Condo
Closing
Aug 17, 2023
AI
A luxury condo in Manhattan's Upper East Side has recently been funded by We Lend, a balance sheet lender. The property, located at 200 East 83rd Street, is a spacious condo with a square footage of 2,263. The loan amount for the transaction was $5,000,000, and it was classified as a bridge loan.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,000,000
- Address: 200 East 83rd Street
- Market: Upper East Side, Manhattan
- Square Footage: 2,263
We Lend, represented by Solomon Suleymanov & Jeff Safi, successfully closed and funded this luxury condo within just five days of receiving the application. Their efficient handling of complex transactions allowed for a swift closing process. In addition, We Lend offered competitive and flexible terms to the borrowers, demonstrating their commitment to meeting financing needs in a timely manner.
For any financing needs or questions, interested parties can contact We Lend directly at (212) 777-7780 or via email at [email protected]. With their expertise and dedication, We Lend takes pride in providing efficient and effective solutions for their clients.
Players
Market 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93