facebook
Traded Co logo
Submit

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

Property Image
FINANCED
$1,237,500
Andrew Schnissel
Moses Suleymanov
Ruben Izgelov

New York

See Similar Deals
Development Site36,490 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

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

Queens, New York, United States

See Similar Deals
Development Site36,490 SF
Financed
Andrew Schnissel
Moses Suleymanov
Ruben Izgelov
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$33
Total Square Footage:36,490 SF
Transaction Type:Loan

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].

Players

Andrew Schnissel
We Lend
Andrew Schnissel
7 deals$20.9M volume
LENDER
Moses Suleymanov
We Lend
Moses Suleymanov
24 deals$44.4M volume
LENDER
Ruben Izgelov
We Lend
Ruben Izgelov
23 deals$43.6M volume
LENDER
We Lend
We Lend
LENDER
The Department of Housing Preservation & Development
The Department of Housing Preservation & Development
LENDER
Citibank
Citibank
LENDER
We Lend
We Lend
LENDER

Details

FINANCED
IMAGE: Guy Shmuel & Solomon Suleymanov DATE: 03/16/2022 MARKET: Queens ASSET TYPE: Multifamily ~ SF: 4,875 ~ UNITS: 6 LENDER: We Lend LLC (@WeLendLLC) - Guy Shmuel, Ruben Izgelov (@Ruben_Izgel), Solomon Suleymanov (@Sal_Solomons), Moses Suleymanov (@Moses.Suley) & Andrew Schnissel LOAN AMOUNT: $1,237,500 LOAN TYPE: Acquisition NOTE FROM @WeLendLLC: Loan Amount: $1,237,500 Type: Multifamily – 6 units Program: Bridge, Value-add Leverage towards purchase: 80% Interest rate: 8% Please reach out to Solomon Suleymanov at [email protected] for any loan inquiries.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,237,500.00

Monthly NOI$8,250.00
Monthly Debt Service$7,821.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00