FINANCEDMultiFamily
Bravo Capital Refinances Multifamily Property In Ithaca With $57.8M Loan
210 East Green Street
$57,800,000
Building Size
—
Asset Type
MultiFamily
Closing
May 30, 2024
AI
The property at 210 East Green Street in Ithaca, a multifamily asset, was involved in a loan transaction for a refinancing amount of $57,800,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $57,800,000
- Asset Address: 210 East Green Street
- Market: Ithaca
- Lender: Bravo Capital
- Landlord: Aptitude Development
- Broker: Aaron Krawitz - Bravo Capital
- Loan Type: Refinance
The broker representing the deal was Aaron Krawitz from Bravo Capital, facilitating the refinancing transaction for the multifamily property.
Players
Ithaca 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93