TD Bank's CEO Greg Braca Refinances Glen Cove Multifamily Complex For $10.2M
400 Carney St, Glen Cove, NY 11542, USA
$10,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 28, 2020
AI
Frank Caruso’s F Caruso Realty has refinanced a multifamily complex located at 200 and 400 Carney St. in Glen Cove, NY. The deal was facilitated by TD Bank, with President and CEO Greg Braca overseeing the transaction. The broker for this refinance was Bryan Kallenberg from Meridian Capital Group.
Summary of transaction details
- Property Type: Multifamily Complex
- Transaction Amount: $10,200,000
- Term: 5-Years
- Rate: 3.73%
This refinancing deal for the multifamily complex at 200 and 400 Carney St. in Glen Cove, NY was successfully closed with the assistance of Frank Caruso’s F Caruso Realty as the landlord. The lender, TD Bank, provided a loan amount of $10,200,000 over a term of 5 years with an interest rate of 3.73%. Greg Braca, the President and CEO of TD Bank, oversaw the transaction. Bryan Kallenberg, representing Meridian Capital Group, acted as the broker for this deal.
Players
Glen Cove MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93