Equitas Capital Group Provides $7.41M Construction Loan For Mixed-Use Property On 27 Brighton 11th St In New York
27 Brighton 11th St
$7,410,000
$384/SF
Building Size
19,298 SF
Asset Type
Mixed-use
Closing
Feb 27, 2023
About this deal
AI
The mixed-use property located at 27 Brighton 11th St in New York has recently undergone a closed transaction involving a loan. The property spans a total area of 19,298 square feet.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $7,410,000
- Loan Type: Construction
- Loan Terms: Rate: Prime + .75BPS, LTC: 75%, No Pre-payment penalty
Equitas Capital Group, represented by broker Alex Leykind, facilitated the loan for this transaction. Equitas Capital Group specializes in providing custom financing solutions for commercial real estate projects. They prioritize building relationships with their clients, taking time to understand their unique needs and challenges. Their extensive network of lenders enables them to secure financing quickly and on the best possible terms.
To learn more about Equitas Capital Group's services, you can email them at [email protected].
Market 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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93