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Arie Bar Chaim Secures $5.8M Refinancing Loan For 10-Unit Condo Project - 68 Eldert St, Bushwick
FINANCED
$5,850,000
New York
See Similar DealsCondo
Financed 03/08/2023
FINANCED
Arie Bar Chaim Secures $5.8M Refinancing Loan For 10-Unit Condo Project - 68 Eldert St, Bushwick
68 Eldert Street Brooklyn, New York 11207, USA
See Similar DealsCondo
Financed 03/08/2023
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Loan
Arie Bar Chaim secured a $5.8 million refinancing loan from White Oak Financial for a 10-unit condominium project located at 68 Eldert Street in Bushwick, Brooklyn. The property is a condo with 10 units and is situated in the Bushwick market area of Brooklyn.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,850,000
- Address: 68 Eldert Street
- Market: Bushwick, Brooklyn
- Lender: White Oak Financial - Ian Axelrod
- Landlord: Arie Bar Chaim
- Loan Type: Refinance
The loan was provided by White Oak Financial, with Ian Axelrod serving as the representative from the lending company. Arie Bar Chaim, the landlord, obtained the refinancing loan to support the 10-unit condominium project at 68 Eldert Street in Bushwick, Brooklyn.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,850,000.00
Monthly NOI$39,000.00
Monthly Debt Service$36,975.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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