Equitas Capital Group Provides $5.25M Refinancing Loan For Mixed-Use Property In Brooklyn
1101 Avenue U, Brooklyn, New York 11223, United States
$5,250,000
$269/SF
Building Size
19,500 SF
Asset Type
Mixed-use
Closing
Apr 28, 2022
About this deal
AI
Alex Leykind of Equitas Capital Group recently facilitated a refinancing deal for a mixed-use property in Brooklyn. Located at 1101 Avenue U, the property spans approximately 19,500 square feet. The loan amount for this transaction was $5,250,000, with a favorable loan-to-value ratio of 65%. The loan terms included a fixed rate of 4.42% for 20 years, with a corresponding 20-year amortization schedule.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $5,250,000
- Address: 1101 Avenue U, Brooklyn
- Market: Brooklyn
- Square Footage: 19,500
Equitas Capital Group, led by Alex Leykind, played a pivotal role in securing the refinancing loan for this commercial property. Equitas Capital Group is known for its tailored financing solutions for commercial real estate ventures. They take a client-centric approach, understanding the unique needs and challenges of each individual borrower. For more information on Equitas Capital Group's commercial real estate financing options, interested parties can reach out at 646-637-7510 or via email at [email protected].
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93