Ridgewood Savings Bank Provides $1.1M Refinance Loan In Prospect Lefferts Gardens
FINANCED
$1,100,000
New York
See Similar DealsMultiFamily6,100 SF
Financed 08/31/2022
FINANCED
Ridgewood Savings Bank Provides $1.1M Refinance Loan In Prospect Lefferts Gardens
2535 Church Avenue
See Similar DealsMultiFamily6,100 SF
Financed 08/31/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$180
Total Square Footage:6,100 SF
Transaction Type:Loan
The multifamily property located at 2535 Church Ave. in Prospect Lefferts Gardens has undergone a loan refinance deal. The property spans approximately 6,100 square feet and is owned by Rachel Surizon.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Loan Type: Refinance
- Loan Terms: $1,100,000 @ 3.75%; 7 years fixed; 30 year amortization
- Lender: Ridgewood Savings Bank
- Broker: Michael Volpe - Highcap Group
Ridgewood Savings Bank provided the loan for this refinance transaction. The loan amount of $1,100,000 carries an interest rate of 3.75%. The loan has a fixed term of 7 years and will be amortized over 30 years.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,100,000.00
Monthly NOI$7,333.33
Monthly Debt Service$6,952.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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