Hudson Valley Federal Credit Union Refinances Multifamily Property In Painted Post For $1.64M
FINANCED
$1,640,000
New York
See Similar DealsMultiFamily17,000 SF
Financed 10/24/2022
FINANCED
Hudson Valley Federal Credit Union Refinances Multifamily Property In Painted Post For $1.64M
13 Eagle Drive, Painted Post, New York 14870, United States
See Similar DealsMultiFamily17,000 SF
Financed 10/24/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$96
Total Square Footage:17,000 SF
Transaction Type:Loan
A multifamily property located at 13-19 Eagle Drive in Painted Post was recently involved in a loan transaction. The property spans approximately 17,000 square feet and consists of 16 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,640,000
- Address: 13-19 Eagle Drive
- Market: Painted Post
- Landlord: Geno Costello
The loan for this transaction was provided by Hudson Valley Federal Credit Union. The loan type is a refinance. John Libretti from Progress Capital served as the broker in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,640,000.00
Monthly NOI$10,933.33
Monthly Debt Service$10,365.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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