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Equitas Capital Group Secures $6.25M Refinance Loan For 28,000 SF Industrial Property In Brooklyn

Property Image
FINANCED
$6,250,000
Michael Tsyngauz
Alex Leykind

New York

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Industrial28,000 SF
Financed 01/13/2023
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Property Image
FINANCED

Equitas Capital Group Secures $6.25M Refinance Loan For 28,000 SF Industrial Property In Brooklyn

Industrial28,000 SF
Financed 01/13/2023
Michael Tsyngauz
Alex Leykind
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$223
Total Square Footage:28,000 SF
Transaction Type:Loan

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

Alex Leykind
Equitas Capital Group
Alex Leykind
75 deals$478M volume
BROKER
Michael Tsyngauz
Arrow Real Estate Advisors
Michael Tsyngauz
11 deals$81M volume(347) 820-1797
BROKER

Details

FINANCED
IMAGE: Alex Leykind & Michael Tsyngauz DATE: 01/13/2023 MARKET: Brooklyn, New York City ASSET TYPE: Industrial ~ SF: 28,000 BROKERS: Alex Leykind (@AlexLeykind1) & Michael Tsyngauz (@MichaelTsyngauz) - Equitas Capital Group (@EquitasCapitalGroup) LOAN AMOUNT: $6,250,000 LOAN TYPE: Refinance LOAN TERMS: LTV: 60 , Term: 5 years Fixed, Amortization: 30 years NOTE FROM BROKER: Equitas Capital Group specializes in finding tailor-made solutions to your Commercial Real Estate Financing needs. As a relationship-driven firm, we invest time and resources in our clients, understanding their needs and challenges, and viewing each loan from their individual perspective. Our extensive network of lenders allows us to get you the financing you need at the quickest speed and best terms. To learn more email us at [email protected]!

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,250,000.00

Monthly NOI$41,666.67
Monthly Debt Service$39,504.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00