Square Mile Capital Management Provides $115M Loan For MultiFamily In Brooklyn
FINANCED
$115,000,000
New York
See Similar DealsMultiFamily
FINANCED
Square Mile Capital Management Provides $115M Loan For MultiFamily In Brooklyn
1277 E 14th St, Brooklyn, NY, 11230
See Similar DealsMultiFamily
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The multi-family property located at 1277 E 14th St, Brooklyn, NY, 11230 in Brooklyn has been involved in a significant financial transaction. The loan amount secured for this property amounts to $115,000,000.00. The lender for this transaction is Square Mile Capital Management.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $115,000,000.00
- Address: 1277 E 14th St, Brooklyn, NY, 11230
- Market: Brooklyn
- Borrower's Rep: Morris Betesh (Meridian Capital Group)
- Lender: Square Mile Capital Management
The borrower's representative in this deal is Morris Betesh from Meridian Capital Group, representing the borrower throughout the loan process.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$115,000,000.00
Monthly NOI$766,666.67
Monthly Debt Service$726,878.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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