Leverage Capital Provides $1M Refinance Loan For Mixed-Use Property In Brooklyn
FINANCED
$1,000,000
New York
See Similar DealsMixed-use4,000 SF
Financed 02/28/2022
FINANCED
Leverage Capital Provides $1M Refinance Loan For Mixed-Use Property In Brooklyn
921 Fulton Street, Brooklyn, New York 11238, United States
See Similar DealsMixed-use4,000 SF
Financed 02/28/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$250
Total Square Footage:4,000 SF
Transaction Type:Loan
The mixed-use property located at 921 Fulton Street in Brooklyn has been recently involved in a closed transaction. The property spans approximately 4,000 square feet and is situated in a vibrant market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Date: February 28, 2022
- Address: 921 Fulton Street
- Market: Brooklyn
- Loan Amount: $1,000,000
- Loan Type: Refinance
- Loan Terms: 30 months
- Lender: Leverage Capital
- Landlord: John Anderson
- Originator: Matt Neptune - Leverage Capital
The loan amount for this transaction was $1,000,000, and it was a refinance loan with a term of 30 months. Leverage Capital served as the lender for this deal, while John Anderson acted as the landlord. Matt Neptune, representing Leverage Capital, was the originator of the loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,000,000.00
Monthly NOI$6,666.67
Monthly Debt Service$6,320.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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