JG Funding Corp. Provides $850K Refinance Loan For Multifamily In Crown Heights
232 Schenectady Avenue, Brooklyn, New York 11213, United States
$850,000
$141/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Jun 22, 2022
AI
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.
Players
New York 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
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93