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L&M Development Partners Secures $20.2M Loan For East Harlem Multifamily
FINANCED
$20,200,000
New York
See Similar DealsMultiFamily
Financed 10/03/2023
FINANCED
L&M Development Partners Secures $20.2M Loan For East Harlem Multifamily
160 East 103rd Street
See Similar DealsMultiFamily
Financed 10/03/2023
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property at 160 East 103rd Street in Manhattan's East Harlem neighborhood has secured a $20.2 million loan from Lumen Real Estate Capital. The loan, provided to Lisa Gomez - L+M Development Partners, is a refinancing transaction.
Summary of transation details
- Property Type: MultiFamily
- Loan Amount: $20,200,000
- Loan Type: Refinance
- Lender: Lumen Real Estate Capital
- Landlord: Lisa Gomez - L+M Development Partners
L+M Development Partners has successfully secured the $20.2 million loan for the multifamily property located at 160 E. 103rd St. in East Harlem. The loan was provided by Lumen Real Estate Capital.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,200,000.00
Monthly NOI$134,666.67
Monthly Debt Service$127,677.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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