LIHC Investment Group Refinances Brooklyn Multifamily Property For $35M
FINANCED
$35,000,000
New York
See Similar DealsMultiFamily
Financed 07/07/2022
FINANCED
LIHC Investment Group Refinances Brooklyn Multifamily Property For $35M
1595 Fulton Street, Brooklyn, New York 11213, United States
See Similar DealsMultiFamily
Financed 07/07/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property at 1595 Fulton St. in Brooklyn has been refinanced for $35,000,000. The property consists of 248 units and is owned by LIHC Investment Group. The loan was provided by Lucas Family Holdings and Rockport Mortgage Corporation, represented by Dan Lyons.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $35,000,000
- Address: 1595 Fulton St.
- Market: Brooklyn
- Number of Units: 248
- Lender: Lucas Family Holdings & Rockport Mortgage Corporation - Dan Lyons
- Landlord: LIHC Investment Group
- Loan Type: Refinance
Andrew Gendron & Charlie Gendron were involved in the transaction, as seen in the accompanying image.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$35,000,000.00
Monthly NOI$233,333.33
Monthly Debt Service$221,223.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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