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200 E 83rd St New York, NY ...

We Lend Closes $5M Bridge Loan For Luxury Condo In Upper East Side, Manhattan
FINANCEDCondo

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

Jeff Safi

We Lend

Lender

$13.1M

vol

4 deals

Lender
We Lend
We LendLender
We Lend
We LendLender

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