facebook
Traded Co logo
Submit

IceCap Group Provides $16M Refinance Loan For 29-Unit Multifamily Property In Long Island City

Property Image
FINANCED
$16,000,000
Morris Diamant
David Liechtung
Joe Oved
+ 2

New York

See Similar Deals
Mixed-use285,000 SF
Financed 11/08/2021
the dealplayerscompscontact
Property Image
FINANCED

IceCap Group Provides $16M Refinance Loan For 29-Unit Multifamily Property In Long Island City

Long Island City, New York City, New York, United States

See Similar Deals
Mixed-use285,000 SF
Financed 11/08/2021
Morris Diamant
David Liechtung
Joe Oved
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$56
Total Square Footage:285,000 SF
Transaction Type:Loan

A multifamily property in Long Island City has been refinanced with a loan amount of $16,000,000. The property consists of 29 units and is located in the Long Island City market. The loan was provided by IceCap Group, and the brokers involved in the transaction were Ezra Dweck, Joe Oved, and Jack Oved from IceCap Group.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $16,000,000
  • Market: Long Island City
  • Units: 29
  • Lender: IceCap Group
  • Brokers: Ezra Dweck, Joe Oved & Jack Oved - IceCap Group
  • Loan Type: Refinance
  • Loan Terms: 30 Year

This financing deal involved the collaboration of Ezra Dweck, Joe Oved, and Jack Oved from IceCap Group, who represented the buyer in the transaction. The loan was provided by IceCap Group for the purpose of refinancing the multifamily property in Long Island City. The terms of the loan are set for 30 years.

Players

Ezra Dweck
Ezra Dweck
3 deals$28.8M volume
BROKER
Joe Oved
Joe Oved
1 deal$16M volume
BROKER
Jack Oved
Jack Oved
1 deal$16M volume
BROKER
Morris Diamant
Meridian Capital Group
Morris Diamant
25 deals$543.3M volume
BROKER
David Liechtung
Meridian Capital Group
David Liechtung
10 deals$154.6M volume
BROKER
Ice Cap Group
Ice Cap Group
LENDER
Signature Bank
Signature Bank
LENDER

Details

FINANCED
IMAGE: Ezra Dweck, Joe Oved & Jack Oved DATE: 11/08/2021 MARKET: Long Island City ASSET TYPE: Multifamily ~ UNITS: 29 LENDER: IceCap Group (@IceCapGroup) BROKERS: Ezra Dweck, Joe Oved & Jack Oved - IceCap Group (@IceCapGroup) LOAN AMOUNT: $16,000,000 LOAN TYPE: Refinance LOAN TERMS: 30 Year

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$16,000,000.00

Monthly NOI$106,666.67
Monthly Debt Service$101,130.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00