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155 Smith Street

LMF Commercial Provides $6.8M Refinance Loan For Brooklyn Multifamily Asset By Pinchas Vogel
FINANCEDMultiFamily

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

Pinchas Vogel

Landstone Capital Group

Broker

$2.3B

vol

29 deals

Broker
Landstone Capital Group
Landstone Capital GroupBrokerage
LMF Commercial
LMF CommercialLender
Nihad Choudhury

Nihad Choudhury

LMF Commercial

Originator

$172.3M

vol

25 deals

Originator

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