FINANCEDMixed-use
Jason Schottenfeld And Matthew Pazzaglini Of HudsonPoint Group Secure $1.1M Bridge Loan In Brooklyn
639 Rogers Avenue
$1,100,000
$366/SF
Building Size
3,000 SF
Asset Type
Mixed-use
Closing
Aug 7, 2024
AI
The property asset involved in this transaction is a mixed-use building located at 639 Rogers Avenue in Brooklyn, with a total square footage of 3,000. The transaction prominently features a loan amount of $1,100,000, categorized as a bridge loan.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,100,000
- Address: 639 Rogers Avenue
- Market: Brooklyn
- Lender: Jason Schottenfeld & Matthew Pazzaglini - HudsonPoint Group & Sage Usher - USHJO
- Loan Type: Bridge
Key individuals involved in the deal include Jason Schottenfeld and Matthew Pazzaglini representing HudsonPoint Group, along with Sage Usher from USHJO. Their roles as lenders played a significant part in facilitating this bridge loan transaction.
Players
Brooklyn 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93