Updated Oct 29, 2024
TD Bank Loans $10M To Multifamily Property In Goshen, NY
151 West 136th Street, New York, NY 10030
$10,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 7, 2020
About this deal
AI
A $10,000,000 loan has been secured for a multifamily property located at 100-300 Canter Court and 295-297 West Main Street in Goshen, NY. The loan has a fixed interest rate of 2.25% for a term of 10 years, with a 30-year amortization schedule.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Address: 100-300 Canter Court & 295-297 West Main Street, Goshen, NY
- Loan Terms: 2.25% Fixed for 10 Years, 30 Year Amortization
The loan for this multifamily property was secured from TD Bank. The deal was facilitated by Brad Domenico and Gabby Cali of Progress Capital, who acted as brokers in the transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93