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Adam Shayanfekr's Seraphim Equities Acquires Mixed-use Properties In Newburgh, Hudson Valley For $2.19M

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FINANCED
$2,193,000

New York

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Mixed-use
Financed 07/01/2021
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FINANCED

Adam Shayanfekr's Seraphim Equities Acquires Mixed-use Properties In Newburgh, Hudson Valley For $2.19M

66 William St, Newburgh, NY, USA

See Similar Deals
Mixed-use
Financed 07/01/2021
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Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan

Mixed-use properties located at 140 S. Clark St., 157 Johnston St., 370 Broadway, 352-354 1st St., 64-66 William St., 99 Overlook Pl., 60-62 William St., 90 Lander St., and 172 Chambers St. in Newburgh, Hudson Valley were involved in a closed transaction.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,193,000
  • Lender: sharestates''>Sharestates - Mike Ramin
  • Landlord: Adam Shayanfekr - Seraphim Equities & Newburgh Realty Group

The lender for this transaction was Sharestates, represented by Mike Ramin. The landlord was Adam Shayanfekr, who is associated with Seraphim Equities and Newburgh Realty Group.

Note: Sharestates is a Direct National Private Lender that offers various loan types such as 1-4 Family Fix n Flip, Large Multi-family Bridge & Value Add, Ground up Construction, and Long Term Rental Loans. For more information, contact Mike Ramin at [email protected].

Players

LENDER

Details

FINANCED
IMAGE: Adam Shayanfekr & Mike Ramin Loanawitz ADDRESS: 140 S. Clark St., 157 Johnston St., 370 Broadway, 352-354 1st St., 64-66 William St., 99 Overlook Pl., 60-62 William St., 90 Lander St. & 172 Chambers St. MARKET: Newburgh, Hudson Valley ASSET TYPE: Mixed-use LENDER: Sharestates (@Sharestates)- Mike Ramin (@Mike_Loanawitz) LANDLORD: Adam Shayanfekr (@AdamShayanfekr) - Seraphim Equities & Newburgh Realty Group LOAN AMOUNT: $2,193,000 NOTE FROM @Sharestates: Sharestates is a Direct National Private Lender: 1-4 Family Fix n Flip Large Multi-family Bridge & Value Add Ground up Construction Long Term Rental Loans Mike Ramin @Mike_Loanawitz: 📧 [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,193,000.00

Monthly NOI$14,620.00
Monthly Debt Service$13,861.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00