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Arbor Realty Trust Provides $17.3M Loan For New Rochelle Multifamily Property

Property Image
FINANCED
$17,319,000

New York

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MultiFamily516 SF
Financed 03/31/2021
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Property Image
FINANCED

Arbor Realty Trust Provides $17.3M Loan For New Rochelle Multifamily Property

11 Burling Lane, New Rochelle, NY 10801

See Similar Deals
MultiFamily516 SF
Financed 03/31/2021
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$33,564
Total Square Footage:516 SF
Transaction Type:Loan

An multifamily property located at 11 Burling Lane in New Rochelle, Westchester has recently closed a loan transaction. The loan was facilitated by Arbor Realty Trust and the lender's representative was David Ohana.

Summary of transaction details:

  • Property Type: Multifamily
  • Loan Amount: $17,319,000
  • Loan Terms: Full term 10 year IO

Detailed information about the deal's key individuals and companies involved in the loan transaction is as follows:

Players

DO
Arbor Realty Trust
David Ohana
3 deals$46.4M volume
LENDER
Arbor Realty Trust
Arbor Realty Trust
LENDER

Details

FINANCED
IMAGE: David Ohana DATE: 03/31/2021 ADDRESS: 11 Burling Lane (@NewROStudiosNR) MARKET: New Rochelle, Westchester ASSET TYPE: Multifamily LENDER: Arbor Realty Trust (@ArborRealtyTrust) - David Ohana (@Ohana_Loans) LOAN AMOUNT: $17,319,000 LOAN TERMS: Full term 10 year IO

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$17,319,000.00

Monthly NOI$115,460.00
Monthly Debt Service$109,467.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00