Acuity Capital Partners Secures $31.5M Loan For Multifamily Properties In Brooklyn/Manhattan
FINANCED
$31,500,000
New York
See Similar DealsMultiFamily69,093 SF
Financed 12/11/2020
FINANCED
Acuity Capital Partners Secures $31.5M Loan For Multifamily Properties In Brooklyn/Manhattan
2269 1st Avenue, Brooklyn, NY, USA
See Similar DealsMultiFamily69,093 SF
Financed 12/11/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$455
Total Square Footage:69,093 SF
Transaction Type:Loan
A multifamily property located at 2269 First Avenue, 35 Delavan Street, and 21 Delavan Street in Brooklyn and Manhattan has been involved in a closed transaction. The property, owned by Acuity Capital Partners, received a loan of $31.5 million from Northwind Group on December 11, 2020.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $31.5M
- Lender: Northwind Group
- Landlord: Acuity Capital Partners
- Market: Brooklyn / Manhattan
Elliot Neumann and Ran Eliasaf were involved in facilitating the loan transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,500,000.00
Monthly NOI$210,000.00
Monthly Debt Service$199,101.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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