Leverage Capital Provides $1M Refinance Loan For Mixed-Use Property In Brooklyn
921 Fulton Street, Brooklyn, New York 11238, United States
$1,000,000
$250/SF
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
Feb 27, 2022
About this deal
AI
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.
On the Map
$1,000,000
$250/SF
Mixed-use
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Players
New York 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93