Updated Nov 27, 2024
Max Beilush Secures $6.7M Refinance Loan For Crown Heights Multifamily Properties From Berkadia Commercial Mortgage
1540 Sterling Place Brooklyn, New York 11213, Usa
$6,699,000
$152/SF
Building Size
43,964 SF
Asset Type
MultiFamily
Closing
Jun 1, 2023
About this deal
AI
Max Beilush secured a refinancing loan valued at $6.7 million from Berkadia Commercial Mortgage for two residential elevator properties located at 1540 Sterling Place and 215 Rochester Avenue in Crown Heights, Brooklyn. The properties have a total square footage of 43,964 and belong to the multifamily asset type.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,699,000
- Lender: Berkadia Commercial Mortgage - Megan Mather
- Landlord: Max Beilush
- Loan Type: Refinance
Max Beilush enlisted the services of Megan Mather from Berkadia Commercial Mortgage as his representative in securing the refinancing loan for the properties in Crown Heights. The transaction solidifies Beilush's financial position and allows him to continue his residential elevator property investments in the neighborhood.
Caseyville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Berkadia to view all their deals.
Browse Caseyville multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93