Dwight Mortgage Trust Provides $75.2M Refinance Loan For Multifamily Property In Flatbush, Brooklyn
FINANCED
$75,150,000
New York
See Similar DealsMultiFamily
Financed 02/02/2024
FINANCED
Dwight Mortgage Trust Provides $75.2M Refinance Loan For Multifamily Property In Flatbush, Brooklyn
210 Clarkson Avenue
See Similar DealsMultiFamily
Financed 02/02/2024
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 210 Clarkson Avenue in Flatbush, Brooklyn has recently undergone a refinancing transaction. The property consists of 165 units and is owned by K2 Real Estate Partners.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $75,150,000
- Address: 210 Clarkson Avenue
- Market: Flatbush, Brooklyn
- Lender: Dwight Mortgage Trust - Josh Sasouness & Dustin Braham
- Brokers: Meir Kessner & David Eisen - Sevenstone Capital
- Loan Type: Refinance
The loan for the refinancing was provided by Dwight Mortgage Trust, with Josh Sasouness and Dustin Braham representing the lender. The brokers involved in the deal were Meir Kessner and David Eisen, who represented Sevenstone Capital.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$75,150,000.00
Monthly NOI$501,000.00
Monthly Debt Service$474,999.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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