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Big Dream Developers Refinances 15-Unit Multifamily At 1323 Findlay Avenue For $5M With BX Capital
FINANCED
$5,000,000
New York
See Similar DealsMultiFamily
Financed 09/30/2025
FINANCED
Big Dream Developers Refinances 15-Unit Multifamily At 1323 Findlay Avenue For $5M With BX Capital
1323 Findlay Avenue
See Similar DealsMultiFamily
Financed 09/30/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a 15-unit multifamily property located at 1323 Findlay Avenue in Claremont Village, Bronx. The property was refinanced with a loan amount of $5,000,000, replacing prior debt held by IceCap Group.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,000,000
- Address: 1323 Findlay Avenue
- Market: Claremont Village, Bronx
- Lender: Victor Tawil - BX Capital
- Landlord: Ascher Berkowitz - Big Dream Developers
- Units: 15
The refinancing deal was executed by Victor Tawil representing BX Capital as the lender and Ascher Berkowitz representing Big Dream Developers as the landlord. This decision by Big Dream Developers was to manage and improve the financing structure of their property in the Claremont Village neighborhood.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,000,000.00
Monthly NOI$33,333.33
Monthly Debt Service$31,603.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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