Patrick Fisher Of Timber Road Capital Secures $1.69M Loan For Multifamily Property In Bronx
FINANCED
$1,690,000
New York
See Similar DealsMultiFamily38,563 SF
Financed 10/25/2024
FINANCED
Patrick Fisher Of Timber Road Capital Secures $1.69M Loan For Multifamily Property In Bronx
130 West 195th Street
See Similar DealsMultiFamily38,563 SF
Financed 10/25/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$43
Total Square Footage:38,563 SF
Transaction Type:Loan
A 32-unit multifamily property located at 130 West 195th Street in the Bronx has a total square footage of 38,563. The property secured a refinance loan of $1,690,000, which was closed in October 2024.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,690,000
- Lender: Verus Capital
- Broker: Patrick Fisher - Timber Road Capital LLC
- Loan Type: Refinance
- Loan Terms: 12 month Term
Patrick Fisher from Timber Road Capital LLC arranged the bridge loan for the transaction, representing the brokers involved. The loan is secured for a term of 12 months, aimed at enhancing the financing structure for the multifamily asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,690,000.00
Monthly NOI$11,266.67
Monthly Debt Service$10,681.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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