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Tameer Orevi Provides $1.65M Refinance Loan For 20 Brevoort Place Multifamily

Property Image
FINANCED
$1,650,000

New York

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MultiFamily3,052 SF
Financed 06/14/2024
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Property Image
FINANCED

Tameer Orevi Provides $1.65M Refinance Loan For 20 Brevoort Place Multifamily

20 Brevoort Place

See Similar Deals
MultiFamily3,052 SF
Financed 06/14/2024
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$540
Total Square Footage:3,052 SF
Transaction Type:Loan

Located at 20 Brevoort Place in Bedford-Stuyvesant, Brooklyn, the property is a Multifamily asset with a total of 3,052 square feet divided into 2 units. The landlord of this property is Charles Quim.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,650,000
  • Loan Amount: $1,650,000
  • Loan Type: Refinance
  • Loan Terms: Cash-out refinance loan on rental property, 30 years fixed, 7.125%, 1.0 DSCR, 36 month prepayment penalty
  • Lender: Tameer Orevi - Orevi Capital

The lender for the refinance deal is Tameer Orevi from Orevi Capital. The loan terms include a 30-year fixed term with 7.125% interest, a 1.0 Debt-Service Coverage Ratio (DSCR), and a 36-month prepayment penalty.

Players

Orevi Capital
Orevi Capital
LENDER

Details

FINANCED
IMAGE: Tameer Orevi DATE: 06/14/2024 ADDRESS: 20 Brevoort Place MARKET: Bedford-Stuyvesant, Brooklyn ASSET TYPE: Multifamily ~ SF: 3,052 ~ UNITS: 2 LENDER: Tameer Orevi (@TameerOrevi) - Orevi Capital (@OreviCapital) LANDLORD: Charles Quim LOAN AMOUNT: $1,650,000 LOAN TYPE: Refinance LOAN TERMS: Cash-out refinance loan on rental property, 30 years fixed, 7.125%, 1.0 DSCR, 36 month prepayment penalty

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,650,000.00

Monthly NOI$11,000.00
Monthly Debt Service$10,429.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00