@KlosedProperties Secures $1.1M Loan For Ridgewood Multifamily Property
FINANCED
$1,100,000
+ 3
New York
See Similar DealsMixed-use46,200 SF
Financed
FINANCED
@KlosedProperties Secures $1.1M Loan For Ridgewood Multifamily Property
763 Seneca Ave, Ridgewood, NY 11385, USA
See Similar DealsMixed-use46,200 SF
Financed
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$23
Total Square Footage:46200 SF
Transaction Type:Loan
A multifamily property located at 763 Seneca Avenue in Ridgewood has recently closed in a transaction. The loan amount for this deal was $1,100,000. The landlord of the property is @KlosedProperties. The deal was facilitated by Ofir Shalom and Yaakov Zar from @LevCapital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Lender: Modern Bank
- Landlord: @KlosedProperties
- Brokers: Ofir Shalom, Yaakov Zar from @LevCapital
The successful financing of this deal was made possible through the collaboration of @LevCapital and @KlosedProperties. They worked closely together to ensure a quick and efficient closing process.
Players
LENDER
LANDLORD
Details
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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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