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Loan · Mixed-use

Updated Sep 5, 2024

Alex Leykind At Equitas Capital Group Arranges $7.2M Loan For Mixed-Use Property In Brooklyn
FINANCEDMixed-use

Alex Leykind At Equitas Capital Group Arranges $7.2M Loan For Mixed-Use Property In Brooklyn

$7,200,000

$756/SF

Building Size

9,515 SF

Asset Type

Mixed-use

Closing

Jan 20, 2023

About this deal

AI

A mixed-use property located in Brooklyn has recently undergone a closed transaction. The property spans approximately 9,515 square feet and includes a combination of residential and commercial spaces.

Summary of transaction details:

The loan secured for this transaction amounts to $7,200,000. It is a packaged deal that includes acquisition and rehab financing. The loan terms consist of an 18-month term with interest-only amortization.

Equitas Capital Group, represented by broker Alex Leykind, specializes in providing tailored financing solutions for commercial real estate. Their relationship-driven approach ensures that each client's unique needs and challenges are met. With an extensive network of lenders, Equitas Capital Group is able to secure the financing needed for their clients quickly and efficiently.

To learn more about Equitas Capital Group's commercial real estate financing services, you can email them at [email protected].

Players

Alex Leykind

Equitas Capital Group

Broker

$478M

vol

75 deals

Broker

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $756 per square foot on a published $7.2M for 9,515 square feet (2023).

Visit Alex Leykind to view all their deals.

Browse New York mixed use loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.20%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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