LMF Commercial Provides $6.8M Refinance Loan For Brooklyn Multifamily Asset By Pinchas Vogel
$6,800,000
$1,003/SF
Building Size
6,775 SF
Asset Type
MultiFamily
Closing
May 25, 2025
AI
The asset involved in this transaction is a multifamily property located in Brooklyn, featuring 6,775 square feet and comprising 10 units. The loan amount for this refinance transaction is $6,800,000, structured as a CMBS refinancing with a term of 5 years and FTIO.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,800,000
- Lender: LMF Commercial
- Loan Originator: Nihad Choudhury (NihadChy)
- Broker: Pinchas Vogel - Landstone Capital Group
- Loan Type: Refinance
- Loan Terms: CMBS Refi: 5 Year. FTIO
The key individuals involved in this transaction include Nihad Choudhury, serving as the loan originator, and broker Pinchas Vogel, representing Landstone Capital Group in the deal. Their roles are crucial in facilitating the refinance process for the multifamily property.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93