Carver Federal Savings Bank Refinances Multifamily Property In Richmond Hill For $1M
FINANCED
$1,000,000
New York
See Similar DealsMultiFamily2,880 SF
Financed 07/21/2023
FINANCED
Carver Federal Savings Bank Refinances Multifamily Property In Richmond Hill For $1M
101 115th St Richmond Hill, NY 11418, USA
See Similar DealsMultiFamily2,880 SF
Financed 07/21/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$347
Total Square Footage:2,880 SF
Transaction Type:Loan
A multifamily property located at 101-19 115th Street in Richmond Hill has undergone a refinancing transaction. The property consists of 4 units with a total square footage of 2,880. Anowar Hossain is the landlord of this property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Loan Type: Refinance
- Loan Terms: 5-year loan @ 6%
The lender involved in this transaction is Carver Federal Savings Bank. The broker representing the deal is James Hansen from Highcap Group.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,000,000.00
Monthly NOI$6,666.67
Monthly Debt Service$6,320.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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