Jason Schottenfeld And Matthew Pazzaglini Of HudsonPoint Group Secure $1.1M Bridge Loan In Brooklyn
FINANCED
$1,100,000
New York
See Similar DealsMixed-use3,000 SF
Financed 08/07/2024
FINANCED
Jason Schottenfeld And Matthew Pazzaglini Of HudsonPoint Group Secure $1.1M Bridge Loan In Brooklyn
639 Rogers Avenue
See Similar DealsMixed-use3,000 SF
Financed 08/07/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$366
Total Square Footage:3,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,100,000.00
Monthly NOI$7,333.33
Monthly Debt Service$6,952.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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