Invesco Real Estate Provides $32.5M Loan For Multifamily Properties In Brooklyn, NY
FINANCED
$32,500,000
New York
See Similar DealsMultiFamily4,013 SF
Financed 01/14/2021
FINANCED
Invesco Real Estate Provides $32.5M Loan For Multifamily Properties In Brooklyn, NY
264 Kosciuszko Street, Brooklyn, NY, USA
See Similar DealsMultiFamily4,013 SF
Financed 01/14/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$8,098
Total Square Footage:4,013 SF
Transaction Type:Loan
A $32,500,000 loan was secured for the acquisition of multiple multifamily properties located in Brooklyn. The properties include 264 Kosciuszko Street, 24 Cornelia Street, 27 Bleecker Street, 194 Cooper Street, 610 Bainbridge Street, 69 Schaefer St., 236 7th Ave., 391 4th St., 441 1st St., 493 Hart St., and 177 Jefferson St. The loan was provided by Invesco Real Estate.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $32,500,000
- Lender: Invesco Real Estate
- Landlord: Carlyle Group - Kewsong Lee & Glenn A. Youngkin
The acquisition of these properties in Brooklyn was facilitated by the Carlyle Group, with Kewsong Lee and Glenn A. Youngkin representing the company in the deal.
Players
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LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$32,500,000.00
Monthly NOI$216,666.67
Monthly Debt Service$205,422.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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