Sutman Holdings Secures $1.38M Refinance Loan From Castling Capital Group For Brooklyn Multifamily
FINANCED
$1,380,000
New York
See Similar DealsMultiFamily
Financed 01/08/2026
FINANCED
Sutman Holdings Secures $1.38M Refinance Loan From Castling Capital Group For Brooklyn Multifamily
24 Clara Street
See Similar DealsMultiFamily
Financed 01/08/2026
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this loan transaction is a multifamily asset located at 24 Clara Street in Brooklyn. The loan amount secured for this asset is $1,380,000 as part of a refinancing effort with a loan type offering a 6.4% interest rate over a term of 10 years with interest-only payments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,380,000
- Lender: Castling Capital Group - Pinchus Schwartz
- Landlord: Sutman Holdings
- Loan Terms: 6.4% Rate, 10 Years IO
This transaction involves Castling Capital Group, represented by Pinchus Schwartz, providing financing through a refinancing loan to Sutman Holdings, the landlord of the property. Castling Capital specializes in bridge and 30-year DSCR loans nationwide, reflecting their capability to structure deals tailored for various property needs.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,380,000.00
Monthly NOI$9,200.00
Monthly Debt Service$8,722.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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