Equitas Capital Group Provides $11.4M Loan For Multifamily Portfolio In Brooklyn
FINANCED
$11,400,000
New York
See Similar DealsMultiFamily23,430 SF
Financed 06/07/2022
FINANCED
Equitas Capital Group Provides $11.4M Loan For Multifamily Portfolio In Brooklyn
2004 Glenwood Road, Brooklyn, New York 11210, United States
See Similar DealsMultiFamily23,430 SF
Financed 06/07/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$486
Total Square Footage:23,430 SF
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located in Brooklyn. It includes three addresses: 2004 Glenwood Rd., 460 Prospect Ave., and 274 Dean St. The property has a total square footage of 44,968, making it a sizable investment.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,400,000
- Address: 2004 Glenwood Rd., 460 Prospect Ave., and 274 Dean St.
- Market: Brooklyn
- Loan Type: Refinance & Acquisition
- Loan Terms: Rate: 3.65%, Term: 5 years fixed, Amortization: 30 years
The deal was facilitated by Equitas Capital Group, represented by broker Alex Leykind. Equitas Capital Group specializes in providing customized financing solutions for commercial real estate. They invest time and resources in understanding their clients' needs and challenges, ensuring that each loan is tailored to their individual perspective.
To learn more about commercial real estate financing options, you can contact Equitas Capital Group at 646-637-7510 or [email protected].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,400,000.00
Monthly NOI$76,000.00
Monthly Debt Service$72,055.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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