Joshua Brown And Rayshaun Addison Of Pushing Forward Realty Secures $726K Cash Out Refinance Loan
FINANCED
$726,000
New York
See Similar DealsMultiFamily2,065 SF
Financed 06/18/2025
FINANCED
Joshua Brown And Rayshaun Addison Of Pushing Forward Realty Secures $726K Cash Out Refinance Loan
25 Louis Place
See Similar DealsMultiFamily2,065 SF
Financed 06/18/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$351
Total Square Footage:2,065 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 25 Louis Place in Brooklyn. It encompasses a total square footage of 2,065 and is comprised of 2 units. A cash-out refinance was secured for the property, amounting to $726,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $726,000
- Loan Officer: Rodney Lewis
- Landlord: Joshua Brown & Rayshaun Addison
- Agency: Pushing Forward Realty
- Loan Type: Cash out refinance
The deal involves key individuals including Joshua Brown and Rayshaun Addison, both principals at Pushing Forward Development. For further inquiries, they can be contacted at [email protected].
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$726,000.00
Monthly NOI$4,840.00
Monthly Debt Service$4,588.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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