FINANCEDMixed-use
Bronx Mixed-use Property Secures $6M Loan From LMF Commercial - Nihad Choudhury
2542A White Plains Road, Bronx, NY, USA
$6,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 12, 2021
AI
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,000,000
- Address: 2542A, 2544A, 2546A & 2548A White Plains Road, Bronx
- Market: Bronx
- Lender: LMF Commercial (A Lennar Co.) - Nihad Choudhury
- Landlord: Barry Singer
- Broker: Jonathan Singer - Strategic Funding Corp.
- Loan Terms: CMBS: 10-yr fixed, 5-yr IO
Players
LMF CommercialBrokerage
LMF CommercialLender
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93