Equitas Capital Group Arranges $8.64M Refinance Loan For Mixed-Use Property In Brooklyn
415 Broadway, Brooklyn, New York 11211, United States
$8,640,000
$432/SF
Building Size
20,000 SF
Asset Type
Mixed-use
Closing
Mar 20, 2022
About this deal
AI
The mixed-use property located at 415 & 319 Broadway in Brooklyn has recently undergone a refinancing deal. The property spans approximately 20,000 square feet, offering a diverse range of commercial and residential spaces.
Summary of transaction details
- Property Type: Mixed-use
- Loan Amount: $8,640,000
- Loan Type: Refinance
- Loan Terms: 3.375% Rate, 65% LTV, Loan Term 10 years, Amortization 30 years
Elevating this transaction is the involvement of Alex Leykind from Equitas Capital Group, who served as the broker in this refinancing endeavor. Known for their commitment to delivering customized financing solutions, Equitas Capital Group works closely with clients to understand their specific needs, challenges, and perspectives. This approach enables them to view each loan through the lens of the individual client, maximizing the potential benefits for all parties involved.
For those seeking commercial real estate financing, Equitas Capital Group offers a relationship-driven approach that prioritizes client satisfaction. To learn more about how Equitas Capital Group can assist with financing your next commercial property, reach out to them at 646-637-7510 or [email protected].
New York 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
1.84%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93