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Jeffrey Wolfer Of Silver Arch Capital Partners Provides $14.5M Bridge Loan For Brooklyn Condo Units
FINANCED
$14,500,000
New York
See Similar DealsCondo
Financed 02/18/2025
FINANCED
Jeffrey Wolfer Of Silver Arch Capital Partners Provides $14.5M Bridge Loan For Brooklyn Condo Units
429 Kent Avenue
See Similar DealsCondo
Financed 02/18/2025
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Loan
The asset involved in this transaction is a condo located at 429 Kent Avenue in New York City. The loan amount secured for this property is $14,500,000.00, facilitated as a bridge loan.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $14,500,000.00
- Date of Loan: 02/18/2025
- Lender: Silver Arch Capital Partners
- Broker: Steven Weiss (EXP Realty)
This deal includes the involvement of Steven Weiss from EXP Realty representing the interests associated with the transaction. The lender, Silver Arch Capital Partners, played a crucial role in providing the necessary financing for this condominium deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,500,000.00
Monthly NOI$96,666.67
Monthly Debt Service$91,649.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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