JG Funding Corp. Provides $850K Refinance Loan For Multifamily In Crown Heights
FINANCED
$850,000
New York
See Similar DealsMultiFamily6,000 SF
Financed 06/23/2022
FINANCED
JG Funding Corp. Provides $850K Refinance Loan For Multifamily In Crown Heights
232 Schenectady Avenue, Brooklyn, New York 11213, United States
See Similar DealsMultiFamily6,000 SF
Financed 06/23/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$141
Total Square Footage:6,000 SF
Transaction Type:Loan
A multifamily property located at 232 Schenectady Ave in Crown Heights has been involved in a recent loan transaction. The property, with a total square footage of 6,000 and consisting of 6 units, was refinanced.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $850,000
- Market: Crown Heights
- Lender: JG Funding Corp.
- Landlord: Yossi Hackner
The loan, provided by JG Funding Corp., amounted to $850,000 and was a 1st lien refinance. The loan term is 12 months with the possibility of extensions and features an interest-only payment structure.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$850,000.00
Monthly NOI$5,666.67
Monthly Debt Service$5,372.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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