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Mixed Use

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Brooklyn

We Lend Provides $2,760,000 Bridge Loan For Mixed-Use Properties In Brooklyn
FINANCEDMixed-use

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

Moses Suleymanov

We Lend

Lender

$44.4M

vol

24 deals

Lender
We Lend
We LendLender
We Lend
We LendLender

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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