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Jacob Tambor Secures $21M Refinance Loan From Webster Bank For Multifamily Property In Brooklyn
FINANCED
$21,000,000
New York
See Similar DealsMultiFamily67,810 SF
Financed
FINANCED
Jacob Tambor Secures $21M Refinance Loan From Webster Bank For Multifamily Property In Brooklyn
1543 East 19th Street
See Similar DealsMultiFamily67,810 SF
Financed
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$309
Total Square Footage:67810 SF
Transaction Type:Loan
A multifamily residential building located at 1543 East 19th Street in Midwood, Brooklyn consists of 50 units and encompasses a total of 67,810 square feet. The asset was refinanced for a loan amount of $21,000,000 through Webster Bank, which replaces prior debt from TD Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Address: 1543 East 19th Street
- Market: Midwood, Brooklyn
- Asset Size: 67,810 SF
- Lender: Webster Bank
- Landlord: Jacob Tambor
- Loan Type: Refinance
Jacob Tambor has successfully completed a refinancing transaction for the property, which further highlights the financial maneuvering within the multifamily sector. This transaction involved the lending services of Webster Bank, emphasizing their role in supporting the refinancing of this residential building.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,000,000.00
Monthly NOI$140,000.00
Monthly Debt Service$132,734.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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