Spencer Savings Bank Provides $2.3M Refinance Loan For 8-Unit Multifamily Property In Brooklyn
FINANCED
$2,300,000
New York
See Similar DealsMultiFamily
Financed 03/31/2022
FINANCED
Spencer Savings Bank Provides $2.3M Refinance Loan For 8-Unit Multifamily Property In Brooklyn
1672 Dean Street, Brooklyn, New York 11213, United States
See Similar DealsMultiFamily
Financed 03/31/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 1672 Dean Street in Brooklyn has recently undergone a refinance loan transaction. The property consists of 8 units, making it a valuable asset in the market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Address: 1672 Dean Street, Brooklyn
- Market: Brooklyn
- Units: 8
The refinance loan for this property was provided by Spencer Savings Bank. The brokers involved in the deal were Brad Domenico and Frank Stanislaski from Progress Capital.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,300,000.00
Monthly NOI$15,333.33
Monthly Debt Service$14,537.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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