Nazar Nazarov Of LendIQ Provides $1.742M Bridge Loan For Mixed-Use Assets
FINANCED
$1,742,000
New York
See Similar DealsMixed-use6,470 SF
Financed 04/11/2024
FINANCED
Nazar Nazarov Of LendIQ Provides $1.742M Bridge Loan For Mixed-Use Assets
Mixed-use6,470 SF
Financed 04/11/2024
Summary
Asset Type:Mixed-use
Price Per Square Foot:$269
Total Square Footage:6,470 SF
Transaction Type:Loan
Anchored in Jamaica, Queens, this mixed-use property spans 6,470 square feet across two adjacent assets. The loan, facilitated by Nazar Nazarov from LendIQ, amounted to $1,742,000, with 90% LTC and 100% Construction financing provided. Argentum stands as the landlord overseeing these properties.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,742,000
- Lender: Nazar Nazarov - LendIQ
- Landlord: Argentum
- Loan Type: Bridge
- Loan Terms: 90% LTC, 100% Construction
LendIQ's involvement in this deal showcases their commitment to providing swift and tailored financing solutions for various property types. For inquiries on multi-family, single-family, mixed-use, and portfolio loans, interested parties can reach out to LendIQ at 1-888-6-LENDIQ or via email at [email protected].
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,742,000.00
Monthly NOI$11,613.33
Monthly Debt Service$11,010.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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