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We Lend completes $1,471,00...

Updated Dec 4, 2024

We Lend Funds Challenging Mixed-Use Bridge Loan In Brooklyn For $1.47M
FINANCEDMixed-use

We Lend Funds Challenging Mixed-Use Bridge Loan In Brooklyn For $1.47M

$1,471,000

$408/SF

Building Size

3,600 SF

Asset Type

Mixed-use

Closing

Jun 5, 2023

About this deal

AI

A challenging mixed-use bridge loan in Brooklyn, NY has been successfully closed and funded by We Lend, a balance sheet lender. The property involved in the transaction is a mixed-use building with a total square footage of 3,600. The loan amount provided by We Lend for this cash-out bridge loan was $1,471,000. The borrower was able to benefit from flexible and competitive terms, as well as a quick closing, thanks to We Lend's ability to navigate complex deals efficiently.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $1,471,000
  • Market: Brooklyn
  • Square Footage: 3,600

We Lend takes pride in their ability to provide tailored financing solutions. In this transaction, Solomon Suleymanov from We Lend served as the lender representative. For any financing needs or inquiries, Solomon Suleymanov can be reached directly at 212-257-3888 or via email at [email protected].

Players

We Lend
We LendLender

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $408 per square foot on a published $1.5M for 3,600 square feet (2023).

Browse New York mixed use loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.78%

Cash-on-Cash

-3.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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