Signature Bank Provides $26.5M Refinance Loan For Multifamily Property In Flatbush
FINANCED
$26,500,000
New York
See Similar DealsMultiFamily86,360 SF
Financed 04/15/2022
FINANCED
Signature Bank Provides $26.5M Refinance Loan For Multifamily Property In Flatbush
2520 Tilden Avenue, Brooklyn, New York 11226, United States
See Similar DealsMultiFamily86,360 SF
Financed 04/15/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$306
Total Square Footage:86,360 SF
Transaction Type:Loan
A multifamily property located at 2520 Tilden Ave in the Flatbush market has recently undergone a refinancing transaction. The property spans approximately 86,360 square feet and is part of a multifamily asset.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,500,000
- Date: 04/15/2022
- Lender: Signature Bank
- Brokers: Scott Assouline, Isaac Lifshitz & Kyle Raffo - Meridian Capital Group
The refinancing loan, provided by Signature Bank, amounts to $26,500,000. The loan has a fixed interest rate of 3.25% for a duration of 5 years.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$26,500,000.00
Monthly NOI$176,666.67
Monthly Debt Service$167,498.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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