Richie Zav Secures $8 Million Refinance Loan From FourLeaf Federal Credit Union For Multifamily Property
FINANCED
$8,000,000
New York
See Similar DealsMultiFamily25,000 SF
Financed 11/01/2025
FINANCED
Richie Zav Secures $8 Million Refinance Loan From FourLeaf Federal Credit Union For Multifamily Property
260 Rockaway Avenue
See Similar DealsMultiFamily25,000 SF
Financed 11/01/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$320
Total Square Footage:25,000 SF
Transaction Type:Loan
The multifamily property located at 258, 260 & 262 Rockaway Avenue in Brooklyn encompasses 25,000 square feet and consists of 24 units. The property was involved in a refinancing transaction with a loan amount of $8,000,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Loan Type: Refinance
- Loan Terms: 5 Year plus 5 Option
- Lender: FourLeaf Federal Credit Union
- Landlord: Richie Zav
Richie Zav, as the landlord, is the key individual associated with this transaction. The refinancing was facilitated through FourLeaf Federal Credit Union, which serves as the lender for this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,000,000.00
Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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