Equitas Capital Group Secures $6.25M Refinance Loan For 28,000 SF Industrial Property In Brooklyn
$6,250,000
$223/SF
Building Size
28,000 SF
Asset Type
Industrial
Closing
Jan 13, 2023
AI
An industrial property in Brooklyn, New York City, with a total square footage of 28,000, has recently undergone a refinancing transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,250,000
- Market: Brooklyn, New York City
The brokers involved in the deal were Alex Leykind and Michael Tsyngauz, representing Equitas Capital Group. Equitas Capital Group specializes in providing tailored solutions for Commercial Real Estate Financing. They take the time to understand their clients' needs and challenges and approach each loan from an individual perspective. With their extensive network of lenders, Equitas Capital Group is able to secure financing quickly and on the best terms.
To learn more about Equitas Capital Group and their services, you can email them at [email protected].
Players
Brooklyn, New York City Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93