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Sharon Nachman, Harris Lukashok & Marcia Kaufman Provides $3.5M Loan For Lynbrook Development Site

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FINANCED
$3,500,000
Marcia Kaufman
HL
SN

New York

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Development Site16,821 SF
Financed 03/16/2021
the dealplayerscompscontact
Property Image
FINANCED

Sharon Nachman, Harris Lukashok & Marcia Kaufman Provides $3.5M Loan For Lynbrook Development Site

50 Roosevelt Avenue, Lynbrook, NY, USA

See Similar Deals
Development Site16,821 SF
Financed 03/16/2021
Marcia Kaufman
HL
SN
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$208
Total Square Footage:16,821 SF
Transaction Type:Loan

A development site located at 50 Roosevelt Avenue in Lynbrook has been involved in a recent closed transaction. The property, with a buildable square footage (BSF) of 16,821, was the subject of a loan. The loan was provided by Sharon Nachman, Harris Lukashok & Marcia Kaufman, who operate ayportFunding, in the amount of $3,500,000.

Summary of transaction details

  • Property Type: Development Site
  • Address: 50 Roosevelt Avenue
  • Market: Lynbrook
  • BSF: 16,821
  • Lender: Sharon Nachman, Harris Lukashok & Marcia Kaufman ayportFunding
  • Loan Amount: $3,500,000

The loan was provided by Sharon Nachman, Harris Lukashok & Marcia Kaufman of ayportFunding. Their involvement in this transaction showcases their expertise as lenders in the real estate market. This loan will provide financial support for the development of the property, allowing for potential growth and expansion in the Lynbrook area.

Players

Marcia Kaufman
Bayport Funding
Marcia Kaufman
10 deals$34.1M volume
BROKER
Marcia Kaufman
Marcia Kaufman
10 deals$34.1M volume
LENDER
HL
Bayport Funding
Harris Lukashok
2 deals$7.5M volume
LENDER
SN
Sharon Nachman
3 deals$7.6M volume
LENDER
Bayport Funding
Bayport Funding
LENDER

Details

FINANCED
IMAGE: Sharon Nachman, Harris Lukashok & Marcia Kaufman DATE: 03/16/2021 ADDRESS: 50 Roosevelt Avenue MARKET: Lynbrook ASSET TYPE: Development Site ~ BSF: 16,821 LENDER: Sharon Nachman, Harris Lukashok & Marcia Kaufman - @BayportFunding LOAN AMOUNT: $3,500,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,500,000.00

Monthly NOI$23,333.33
Monthly Debt Service$22,122.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00