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H.I.G. Capital Provides $56M Refinance Loan For 1499 Bedford Ave In Crown Heights, Brooklyn

Property Image
FINANCED
$56,000,000
SG
Cheskie Weisz

New York

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MultiFamily
Financed 12/29/2023
the dealplayerscompscontact
Property Image
FINANCED

H.I.G. Capital Provides $56M Refinance Loan For 1499 Bedford Ave In Crown Heights, Brooklyn

1499 Bedford Avenue

See Similar Deals
MultiFamily
Financed 12/29/2023
SG
Cheskie Weisz
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 1499 Bedford Avenue in Crown Heights, Brooklyn has recently undergone a refinancing transaction. The property has a building size of 110,000 square feet.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $56,000,000
  • Address: 1499 Bedford Avenue
  • Market: Crown Heights, Brooklyn
  • Lender: H.I.G. Capital
  • Landlord: Cheskie Weisz & Neal Einhoren

Managing the financing for this transaction is H.I.G. Capital. Cheskie Weisz and Neal Einhoren hold the property's landlord positions. The broker representing this deal is Shlomo Goldstein from Skyline Capital.

Players

Cheskie Weisz
CW Realty
Cheskie Weisz
17 deals$496.8M volume
BROKER
SG
Shlomo Goldstein
2 deals$57.2M volume
BROKER
H.I.G. Capital
H.I.G. Capital
LENDER
Cheskie Weisz
CW Realty
Cheskie Weisz
17 deals$496.8M volume
LANDLORD

Details

FINANCED
IMAGE: Brianna Griffith, Michael Mestel & Cheskie Weisz DATE: 12/29/2023 ADDRESS: 1499 Bedford Avenue MARKET: Crown Heights, Brooklyn ASSET TYPE: Multifamily ~ BSF: 110,000 LENDER: H.I.G. Capital LANDLORD: Cheskie Weisz & Neal Einhoren BROKER: Shlomo Goldstein - Skyline Capital LOAN AMOUNT: $56,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$56,000,000.00

Monthly NOI$373,333.33
Monthly Debt Service$353,958.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00