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Nazar Nazarov Of LendIQ Pro...

Updated Dec 4, 2024

Nazar Nazarov Of LendIQ Provides $1.742M Bridge Loan For Mixed-Use Assets
FINANCEDMixed-use

Nazar Nazarov Of LendIQ Provides $1.742M Bridge Loan For Mixed-Use Assets

$1,742,000

$269/SF

Building Size

6,470 SF

Asset Type

Mixed-use

Closing

Apr 11, 2024

About this deal

AI

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

LENDIQ
LENDIQ Lender
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Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $269 per square foot on a published $1.7M for 6,470 square feet (2024).

Browse New York mixed use loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.11%

Cash-on-Cash

-2.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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