We Lend Provides $2,760,000 Bridge Loan For Mixed-Use Properties In Brooklyn
$2,760,000
$961/SF
Building Size
2,870 SF
Asset Type
Mixed-use
Closing
Apr 30, 2025
AI
The asset involved in the transaction is a mixed-use property located in Brooklyn, with a total square footage of 2,870. The loan amount for the project is $2,760,000 and is classified as a bridge loan.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,760,000
- Lender: Ruben Izgelov, Moses Suleymanov & Solomon Suleymanov
- Lending Company: We Lend
- Loan Type: Bridge
- Market: Brooklyn
The loan was funded to facilitate the revival of a stalled project, reflecting a commitment to support experienced operators in the mixed-use asset class despite market hesitations. For inquiries related to value-add, construction, or bridge financing, interested parties can contact Solomon Suleymanov directly.
Players
Market 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
5.75%
Cash-on-Cash
-1.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93