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Pinchus Schwartz Of Castling Capital Group Secures $2.65M Refinance Loan For Brooklyn Multifamily Property

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FINANCED
$2,650,000

New York

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MultiFamily6,347 SF
Financed 03/07/2025
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FINANCED

Pinchus Schwartz Of Castling Capital Group Secures $2.65M Refinance Loan For Brooklyn Multifamily Property

1518 Jefferson Avenue

See Similar Deals
MultiFamily6,347 SF
Financed 03/07/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$417
Total Square Footage:6,347 SF
Transaction Type:Loan

The property asset involved in this transaction is located at 1518 Jefferson Avenue in Brooklyn. This multifamily asset comprises 6,347 square feet and contains six residential units. The transaction involves a refinance loan amount of $2,650,000 with a fixed interest rate of 5.85% for a term of five years.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,650,000
  • Loan Type: Refinance
  • Loan Terms: 5.85% Rate 5 Years fixed
  • Address: 1518 Jefferson Avenue
  • Market: Brooklyn
  • Asset Size: 6,347 SF
  • Number of Units: 6
  • Broker: Pinchus Schwartz - Castling Capital Group

The key individual involved in this deal is Pinchus Schwartz, who represents Castling Capital Group, a real estate capital advisory firm that specializes in providing debt and equity solutions for investors across the nation.

Players

Pinchus Schwartz
9 deals$33.1M volume(347) 842-7085
BROKER

Details

FINANCED
IMAGE: 03/07/2025 ADDRESS: 1518 Jefferson Avenue MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 6,347 ~ UNITS: 6 LOAN AMOUNT: $2,650,000 LOAN TYPE: Refinance LOAN TERMS: 5.85% Rate 5 Years fixed BROKER: Pinchus Schwartz - Castling Capital Group (@Castling_Capital) NOTE FROM BROKER: Castling Capital Group is a real estate capital advisory firm, offering specialized debt and equity solutions for investors nationwide. To get in touch email: [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,650,000.00

Monthly NOI$17,666.67
Monthly Debt Service$16,749.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00