Joshua Brown And Rayshaun Addison Of Pushing Forward Realty Secures $726K Cash Out Refinance Loan
25 Louis Place
$726,000
$351/SF
Building Size
2,065 SF
Asset Type
MultiFamily
Closing
Jun 17, 2025
AI
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].
Players
Brooklyn 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
21.85%
Cash-on-Cash
-6.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93