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925 Capital Acquires Multi Family Property In Bronx, NY With Sabal Financial As Lender

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FINANCED
$1,327,000

New York

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MultiFamily72,000 SF
Financed 03/01/2018
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FINANCED

925 Capital Acquires Multi Family Property In Bronx, NY With Sabal Financial As Lender

2377 Belmont Ave, The Bronx, NY 10458, USA

See Similar Deals
MultiFamily72,000 SF
Financed 03/01/2018
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$18
Total Square Footage:72,000 SF
Transaction Type:Loan

The multi-family property located at 2377 Belmont Avenue, Bronx, NY has been refinanced. The landlord of the property is 925 Capital represented by @jonnyyuna and David Flusberg. The lending institution involved in the transaction is Sabal Financial, with Pat Jackson serving as their representative. The refinancing amount is $1,327,000 at an interest rate of 3.97%. The property spans over an area of 7,200 square feet.

Summary of transation details

  • Property Type: Multi Family
  • Transaction Amount: $1,327,000
  • Landlord: 925 Capital (represented by @jonnyyuna and David Flusberg)
  • Lender: Sabal Financial (represented by Pat Jackson)
  • Interest Rate: 3.97%
  • Square footage: 7,200 sf
  • Address: 2377 Belmont Avenue, Bronx, NY

Pat Jackson, serving as the representative for Sabal Financial, played a crucial role in facilitating the refinancing transaction for the multi-family property at 2377 Belmont Avenue, Bronx. His expertise and involvement ensured the successful completion of the deal, benefitting both the landlord, 925 Capital, and the lender, Sabal Financial.

Players

LENDER

Details

FINANCED
IMAGE: 03/01/2018 IMAGE: Pat Jackson and Jonathan Yunason REFINANCED: ADDRESS: 2377 Belmont Avenue, Bronx, NY ASSET TYPE: Multi Family LANDLORD: 925 Capital @jonnyyuna & David Flusberg LENDER: Sabal Financial – Pat Jackson AMOUNT: $1,327,000 INTEREST RATE: 3.97% SF: 7,200 sf

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,327,000.00

Monthly NOI$8,846.67
Monthly Debt Service$8,387.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00