We Lend LLC Provides $1.24M Acquisition Loan For Queens Multifamily Property

A multifamily property in Queens has been acquired through a loan transaction. The property spans an area of 4,875 square feet and consists of 6 units. The transaction took place on March 16, 2022 and the loan amount for the acquisition was $1,237,500.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $1,237,500
• Square Footage: 4,875
• Number of Units: 6
• Market: Queens

The loan for the acquisition was provided by We Lend LLC. The team involved in the transaction includes Guy Shmuel, Ruben Izgelov, Solomon Suleymanov, Moses Suleymanov, and Andrew Schnissel. The loan type for this transaction is acquisition. The loan is primarily focused on bridge and value-add programs, and it offers leverage of 80% towards the purchase. The interest rate for the loan is 8%. For any loan inquiries, interested parties can contact Solomon Suleymanov via email at [email protected].