LMF Commercial Provides $2.54M Refinance Loan For Flatbush Mixed-Use Property | Fortune Capital Group brokers loan for $2,540,000 in Flatbush | LMF Commercial | Jake Gluck | Mixed-use | Loan

Summary

Loan

NEW YORK

Mixed-use

6,800 sqft

A mixed-use property located in Flatbush with a square footage of 6,800 is the subject of a recent loan transaction.

Summary of transaction details

Property Type: Mixed-Use
Transaction Amount: $2,540,000
Market: Flatbush

Nihad Choudhury from LMF Commercial served as the lender for this loan transaction. The loan type was a refinance, with the following terms: CMBS, 10-year full IO, 71% LTV, and 1.20x IO DSCR.

Jake Gluck from Fortune Capital Group represented the buyer as the broker in this deal.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Jake Gluck

Director of Finance

Fortune Capital Group

LMF Commercial

Details

Deal Summary

FINANCED

IMAGE: Nihad Choudhury & Jake Gluck DATE: 05/31/2023 MARKET: Flatbush ASSET TYPE: Mixed-Use ~ SF: 6,800 LENDER: LMF Commercial - Nihad Choudhury (@NihadChy) BROKER: Jake Gluck (@LuckyJack87) - Fortune Capital Group LOAN AMOUNT: $2,540,000 LOAN TYPE: Refinance LOAN TERMS: CMBS: 10-year full IO, 71% LTV, 1.20x IO DSCR # FortuneCapitalGroup

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AddressFortune Capital Group brokers loan for $2,540,000 in Flatbush

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