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MF1 Acquires Multifamily Property In New York With $32.5M Refinance Loan

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FINANCED
$32,500,000

New York

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MultiFamily
Financed 05/09/2022
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Property Image
FINANCED

MF1 Acquires Multifamily Property In New York With $32.5M Refinance Loan

1516 Park Avenue, New York City, New York 10029, United States

See Similar Deals
MultiFamily
Financed 05/09/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

1516 Park Avenue in New York has recently undergone a refinancing transaction. The multifamily property was involved in a loan deal with a loan amount of $32,500,000. The loan was provided by MF1, specifically Max Hayum. The property's address, 1516 Park Avenue, is situated in the New York real estate market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $32,500,000

Facilitating the loan deal were brokers Daniel Cohen and Tal Savariego from Meridian Capital Group, who represented the parties involved in the transaction.

Players

Tal Savariego
14 deals$532.7M volume(646) 795-5426
BROKER

Daniel Cohen
Meridian Capital Group
13 deals$364.6M volume(212) 612-0285
BROKER

LENDER

Details

FINANCED
IMAGE: Max Hayum, Daniel Cohen & Tal Savariego DATE: 05/09/2022 ADDRESS: 1516 Park Avenue MARKET: New York ASSET TYPE: Multifamily LENDER: MF1 – Max Hayum BROKERS: Daniel Cohen (@Deeksy_) & Tal Savariego - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $32,500,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$32,500,000.00

Monthly NOI$216,666.67
Monthly Debt Service$205,422.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00