Davean Holdings Refinances Cobble Hill Properties For $10.3M With LMF Commercial
FINANCED
$10,300,000
+ 2
New York
See Similar DealsMixed-use4,876 SF
Financed 02/12/2021
FINANCED
Davean Holdings Refinances Cobble Hill Properties For $10.3M With LMF Commercial
131 Smith Street, Brooklyn, NY, USA
See Similar DealsMixed-use4,876 SF
Financed 02/12/2021
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$2,112
Total Square Footage:4,876 SF
Transaction Type:Loan
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,300,000
- Units: 11
- Address: 131 Smith St. & 181 Court St.
- Market: Cobble Hill, Brooklyn
- Lender: LMF Commercial (A Lennar Co.)
- Landlord: Sean Lefkovits, David Lloyd & Lance Lefkovits
- Brokers: Jonathan Singer - Strategic Funding & Robert Tobias - RJT Capital
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,300,000.00
Monthly NOI$68,666.67
Monthly Debt Service$65,103.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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