facebook
Traded Co logo
Submit

Dom Casamento's Multifamily Property In Astoria Refinanced With $2.39M Loan From Ridgewood Savings Bank

Property Image
FINANCED
$2,390,000
Matthew (Matt) Albano
DC

New York

See Similar Deals
MultiFamily
Financed 07/15/2022
the dealplayerscompscontact
Property Image
FINANCED

Dom Casamento's Multifamily Property In Astoria Refinanced With $2.39M Loan From Ridgewood Savings Bank

30-90 14th Street

See Similar Deals
MultiFamily
Financed 07/15/2022
Matthew (Matt) Albano
DC
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

A multifamily property located at 30-90 14th St. in Astoria, was recently refinanced with a loan of $2,390,000. The loan was provided by Ridgewood Savings Bank. The property is owned by Dom Casamento of Kingdom Equities. The transaction was facilitated by broker Matthew Albano of GCP Capital.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,390,000
  • Loan Type: Refinance
  • Loan Terms: 3.625% 1 Year I/O 30 Year Amort
  • Lender: Ridgewood Savings Bank
  • Landlord: Dom Casamento - Kingdom Equities
  • Broker: Matthew Albano - GCP Capital

The loan terms for the refinancing of the multifamily property at 30-90 14th St. in Astoria are 3.625% with a one-year interest-only period and a 30-year amortization schedule. This transaction allows the property owner, Dom Casamento of Kingdom Equities, to potentially reduce their monthly mortgage payments and improve their cash flow.

Players

Matthew (Matt) Albano
Gcp Capital Group
Matthew Albano
10 deals$81.2M volume
BROKER
Ridgewood Savings Bank
Ridgewood Savings Bank
LENDER
DC
Dom Casamento
12 deals$47.7M volume
LANDLORD

Details

FINANCED
IMAGE: Dom Casamento DATE: 07/15/2022 ADDRESS: 30-90 14th St. MARKET: Astoria ASSET TYPE: Multifamily LENDER: Ridgewood Savings Bank LANDLORD: Dom Casamento (@DomCasamento) - Kingdom Equities (@KingdomEquities) BROKER: Matthew Albano - GCP Capital LOAN AMOUNT: $2,390,000 LOAN TYPE: Refinance LOAN TERMS: 3.625% 1 Year I/O 30 Year Amort

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,390,000.00

Monthly NOI$15,933.33
Monthly Debt Service$15,106.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00