Acadia Refinances Multifamily Property In Williamsburg For $64.1M
FINANCED
$64,100,000
New York
See Similar DealsMultiFamily
Financed 03/29/2022
FINANCED
Acadia Refinances Multifamily Property In Williamsburg For $64.1M
175 North 3rd Street, Brooklyn, New York 11249, United States
See Similar DealsMultiFamily
Financed 03/29/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 175 North 3rd Street in Williamsburg was recently involved in a loan transaction. The loan was provided by Acadia, with Ken Bernstein representing the lender. The loan amount was $64,100,000, and it was a refinance loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $64,100,000
- Date: 03/29/2022
- Address: 175 North 3rd Street
- Market: Williamsburg
- Lender: Acadia - Ken Bernstein
- Landlord: Waterbridge Capital - Joel Schreiber
The deal involved Ken Bernstein representing Acadia as the lender in the refinance loan transaction. Waterbridge Capital, represented by Joel Schreiber, was the landlord.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$64,100,000.00
Monthly NOI$427,333.33
Monthly Debt Service$405,155.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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